BUZZ-Constellation Energy gains after first-quarter profit beat

Constellation Energy Corporation

Constellation Energy Corporation

CEG

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** Shares of U.S. power company Constellation Energy CEG.O rise 2% to $309.97 premarket

** Co beats Wall Street estimates for first-quarter profit helped by rising power demand and contributions from its recently acquired Calpine assets

** Posts adjusted profit of $2.74 per share for the reported quarter, compared to analysts' average estimates of $2.57 per share - data compiled by LSEG

** Total quarterly operating revenue came in at $11.12 billion, compared to $6.79 billion from a year ago

** As of last close, shares down 14% YTD



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