Duke Energy: 3Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ Duke Energy Corp. (DUK) on Friday reported third-quarter earnings of $1.34 billion.
The Charlotte, North Carolina-based company said it had net income of $1.82 per share. Earnings, adjusted for asset impairment gains, were $1.79 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The electric utility posted revenue of $6.94 billion in the period.
Duke Energy expects full-year earnings in the range of $4.95 to $5.15 per share.
Duke Energy shares have climbed slightly more than 7% since the beginning of the year, while the Standard & Poor’s 500 index has increased 23%. The stock has increased slightly more than 9% in the last 12 months.