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UPDATE: Constellation Energy Posts Downbeat Q4 Results

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Constellation Energy Group Inc (NYSE: CEG) posted a loss in the fourth quarter.

Constellation Energy posted a quarterly loss of $583.6 million, or $2.91 per share, versus a year-ago profit of $159.8 million, or $0.79 per share. Excluding one-time items, Constellation Energy posted a profit of $0.05 per share, versus analysts' estimates of $0.64 per share.

Constellation Energy's revenue fell 15% to $2.95 billion, versus analysts' estimates of $5.89 billion.

Constellation Energy shares gained 1.19% to close at $36.67 yesterday.

 

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