CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Duke Energy Corp. (DUK) on Tuesday reported second-quarter profit of $900 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.13. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.18 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The electric utility posted revenue of $7.17 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $6.78 billion.
Duke Energy expects full-year earnings in the range of $5.85 to $6.10 per share.
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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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