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Constellation sees 2Q above views on int'l growth

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By AP
18 July 2008 @ 09:40 am EST

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BALTIMORE - Utility company Constellation Energy Group Inc. said Friday it expects its second-quarter adjusted profit to "significantly exceed" Wall Street's expectations on growth in its international energy unit.

Quotes

CEG

63.31

-2.42

Analysts polled by Thomson Financial, on average, expect the company to report earnings of 91 cents per share.

The company said the quarter was driven by strength in its global commodities group.

Constellation is expected to release second-quarter results on July 31.

Shares of the company rose $3.24, or 4.2 percent, to $80.95 in morning trading.

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