Pepco's 1Q Profit Surpasses Forecasts
Pepco Holdings Inc. reported on Thursday its first quarter net income was of $99.2 million or 49 cents per share compared to $51.6 million or 27 cents a share in the same period in 2007.
Pepco shares rose 5.82 percent to $24.57 a share on the New York Stock Exchange in after hours electronic trading Thursday.
The results were superior to estimates made by Thomson Reuters of 35 cents a share.
The company had gains on its revenue recording $2.64 billion from $2.18 billion.
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