Exelon (EXC) Announces $1.5B Buyback; Narrows Guidance
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Exelon Corporation (NYSE: EXC) announced that its board of directors has approved a share repurchase program for up to $1.5 billion of its outstanding common stock. Exelon expects to complete the share repurchase program within the next six months.
Exelon also today revised its adjusted (non-GAAP) operating earnings guidance range for 2008 to $4.15 to $4.30 per share. Exelon's original operating earnings guidance range was $4.00 to $4.40 per share. The Wall Street consensus is $4.36.
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