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Investing.com -- Constellation Energy (NASDAQ:CEG) shares slid over 4% in U.S. premarket trading after the company missed first-quarter profit expectations and issued soft full-year guidance.
The company’s Q1 earnings per share (EPS) came in at $2.14, slightly below the analyst estimate of $2.16. Revenue for the period jumped 10% year-over-year to $6.79 billion, well ahead of the $5.24 billion consensus forecast.
“Constellation delivered another strong quarter, driven by the unmatched capabilities of our people and the strength of our fleet. We provide American families and businesses with the essential power that makes life possible. This commitment is at the heart of our company and defines our special bond with America,” said Joe Dominguez, president and CEO of Constellation.
“Our team is working hard to meet the power needs of customers nationwide, including powering the new AI products that Americans increasingly are using in their daily lives and that businesses and government are using to provide better products and services."
For full-year 2025, the company expects EPS in the range of $8.90 to $9.60. The midpoint of that range is below the Wall Street’s estimate of $9.40.