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Duke Energy: 3Q Earnings Snapshot

Duke Energy: 3Q Earnings Snapshot

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Friday, November 8, 2019

CHARLOTTE, N.C. (AP) _ Duke Energy Corp. (DUK) on Friday reported third-quarter earnings of $1.34 billion.

The Charlotte, North Carolina-based company said it had net income of $1.82 per share. Earnings, adjusted for asset impairment gains, were $1.79 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The electric utility posted revenue of $6.94 billion in the period.

Duke Energy expects full-year earnings in the range of $4.95 to $5.15 per share.

Duke Energy shares have climbed slightly more than 7% since the beginning of the year, while the Standard & Poor’s 500 index has increased 23%. The stock has increased slightly more than 9% 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 https://www.zacks.com/ap/DUK

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