Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Duke Energy Q1 Profit Drops - Quick Facts

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
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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.