Exelon Says Quarterly Earnings Soared 54%

Exelon Corp. said earnings surged 54% in the second quarter as the biggest U.S. producer of nuclear power cut costs, increased electricity sales and sold a stake in a telecom business.

Net income increased to $485 million, or $1.50 a share, Chicago-based Exelon said. Revenue slipped 2.8% to $3.52 billion.

Shares of Exelon rose 99 cents to $49.05 on the NYSE.