Nuclear Giant Surprises With 30% EPS Growth. Regulators Turn Cool On Amazon Nuke Deal
S&P 500 nuclear energy giant Constellation Energy reported better-than-expected third-quarter earnings and revenue while also narrowing its 2024 profit expectations early Monday even as energy regulators rejected a nuclear deal between Amazon.com and Talen Energy late Friday. Constellation Energy saw Q3 earnings grow 28% to $2.74 per share while sales totaled $6.55 billion, up 7% compared to a year ago. In early August, Constellation Energy increased its full-year profit guidance to between $7.60-$8.40 per share for 2024.