Constellation sees 2Q above views on int'l growth

By Associated Press
July 18, 2008 | Comments (0)

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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.

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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