Duke Energy posts 2Q profit of $543 million, result misses forecasts

MarketsAssociated Press

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.

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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.


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


Keywords: Duke Energy, Earnings Report