Duke Energy Corp. (DUK) announced that its third-quarter net income attributable to Duke Energy was $109 million or $0.08 per share, compared to $215 million or $0.17 per share in the same quarter last year.
Reported results for third quarter 2009 were impacted by non-cash impairment charges of approximately $400 million, primarily related to goodwill associated with non-regulated generation operations in the Midwest. These charges have no impact on the company's liquidity position and have been excluded from adjusted diluted EPS.
Adjusted earnings attributable to Duke Energy for the quarter were $518 million or $0.40 per share, compared to $422 million or $0.33 for third quarter 2008.Analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues for the quarter were $3.40 billion, compared to $3.51 billion in the prior year quarter. Six analysts had consensus revenue estimate of $3.80 billion for the quarter.
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