| Duke Energy misses 2Q profit forecasts | |
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CHARLOTTE, N.C. (AP) -- Duke Energy Corp. (DUK) on Thursday reported second-quarter profit of $543 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 78 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 95 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The electric utility posted revenue of $5.59 billion in the period.
Duke Energy expects full-year earnings in the range of $4.55 to $4.75 per share.
Duke Energy shares have decreased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. The stock has climbed 4 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DUK at http://www.zacks.com/ap/DUK
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Keywords: Duke Energy, Earnings Report
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Duke Energy
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CODE : DUK |
ISIN : US26441C2044 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Duke Energy is a and oil producing company based in United states of america. Duke Energy is listed in United States of America. Its market capitalisation is US$ 67.7 billions as of today (€ 59.3 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. |