Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Duke Energy Q1 Profit Drops - Quick Facts

RELATED NEWS
Trade DUK now with 

Electric utility Duke Energy Corp. (DUK: Quote) reported a fall in first-quarter net income attributable to the company to $295 million or $0.22 per share from $511 million or $0.38 per share last year, with adjusted earnings per share declining to $0.38 from $0.39 in the prior-year quarter. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $0.37 for the quarter. Analysts' estimates typically exclude one-time items.

Reported results for the latest quarter include pretax charges of around $420 million related to the company's Edwardsport Integrated Gasification Combined Cycle project, which have been excluded from adjusted earnings per share, the company said. These charges are the result of the provisions of a settlement agreement related to regulatory proceedings involving the project.

Quarterly operating revenues totaled $3.63 billion, compared with $3.66 billion a year earlier. Five analysts estimated revenues of $3.60 billion for the quarter.

Click here to receive FREE breaking news email alerts for Duke Energy Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Fashion retailer Gap Inc. said Thursday after the markets closed that its second quarter profit rose 10% from last year, helped by higher sales and a gain from asset sale. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarter sales. Separately, Gap announced plans to enter India through franchise-operated Gap brand stores in 2015. While buying interest was somewhat subdued, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day extended the recent upward trend by the markets, lifting the S&P 500 to a new record closing high. Republicans have not found much to like about President Barack Obama's nearly six years in office, but the results of a new Washington Post-ABC News poll show that a vast majority support the president's decision to launch airstrikes in Iraq.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.