CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Duke Energy Corp. (DUK) on Thursday reported fourth-quarter earnings of $1.21 billion.
The Charlotte, North Carolina-based company said it had net income of $1.54 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.66 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The electric utility posted revenue of $7.36 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $7.72 billion.
For the year, the company reported profit of $4.52 billion, or $5.71 per share. Revenue was reported as $30.36 billion.
Duke Energy expects full-year earnings in the range of $6.17 to $6.42 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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