Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Constellation Energy (NASDAQ:CEG) shares climbed over 2% in premarket trading Thursday after the company reported second-quarter earnings and revenue that surpassed analyst expectations.
The company posted Q2 earnings per share (EPS) of $1.91, trumping the $1.81 EPS consensus estimate.
Revenue totaled $6.1 billion, well above the consensus estimate of $4.88 billion.
“With increasing demand for electricity to power American families and businesses, AI, electric vehicles and industrial growth, we’re doing our part to ensure reliability and affordability,” said Joe Dominguez, president and CEO of Constellation.
“We are adding megawatts to the grid through extending the lives of our existing fleet, expediting the Crane Clean Energy Center restart, expanding nuclear plant capacity through uprates, and launching a new, AI-powered demand response tool that helps businesses reduce energy use during periods of peak demand."
For the full year 2025, the company reaffirmed its earnings guidance, expecting EPS in the range of $8.90 to $9.60. That compares with the current consensus estimate of $9.37.
During the quarter, Constellation repurchased approximately $400 million of its common stock.