| Duke Energy beats 1Q profit forecasts | |
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CHARLOTTE, N.C. (AP) -- Duke Energy Corp. (DUK) on Friday reported first-quarter net income of $864 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.22. Earnings, adjusted for one-time gains and costs, came to $1.24 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The electric utility posted revenue of $6.07 billion in the period.
Duke Energy expects full-year earnings in the range of $4.55 to $4.75 per share.
Duke Energy shares have dropped 7 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1 percent. The stock has risen 4 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DUK at http://www.zacks.com/ap/DUK
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Keywords: Duke Energy, Earnings Report
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Duke Energy
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CODE : DUK |
ISIN : US26441C2044 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Duke Energy is a and oil producing company based in United states of america. Duke Energy is listed in United States of America. Its market capitalisation is US$ 68.7 billions as of today (€ 64.5 billions). Its stock quote reached its lowest recent point on May 02, 2003 at US$ 10.00, and its highest recent level on February 17, 2023 at US$ 99.99. Duke Energy has 700 299 523 shares outstanding. |