CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Duke Energy Corp. (DUK) on Tuesday reported first-quarter net income of $1.14 billion.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.44.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The electric utility posted revenue of $7.67 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $7.71 billion.
Duke Energy expects full-year earnings in the range of $5.85 to $6.10 per share.
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