Electricity demand surged driving Constellation Energy's Q2 performance above expectations, reaffirming full-year profit guidance.

According to the financial news app, the operator of nuclear power plants in the United States, Constellation Energy (CEG.US), exceeded market expectations in the second quarter performance, due to rising electricity demand and a decrease in interest expenses. The financial report shows that the company's Q2 revenue grew by 11.4% year-on-year to $6.101 billion, significantly exceeding the market expectation of $4.875 billion. Adjusted earnings per share were $1.91, better than the market expectation of $1.82, compared to $1.68 in the same period last year. The company's interest expenses in the second quarter decreased from $142 million to $118 million.