Duke Energy: 2Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ Duke Energy Corp. (DUK) on Tuesday reported second-quarter net income of $832 million.
The Charlotte, North Carolina-based company said it had profit of $1.12 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The electric utility posted revenue of $5.87 billion in the period.
Duke Energy expects full-year earnings in the range of $4.80 to $5.20 per share.
Duke Energy shares have increased nearly 1% since the beginning of the year, while the Standard & Poor’s 500 index has increased 13%. The stock has climbed roughly 7% in the last 12 months.