CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Duke Energy Corp. (DUK) on Tuesday reported fourth-quarter earnings of $1.18 billion.
On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $1.50.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The electric utility posted revenue of $7.94 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $7.64 billion.
For the year, the company reported profit of $4.97 billion, or $6.31 per share. Revenue was reported as $32.24 billion.
Duke Energy expects full-year earnings in the range of $6.55 to $6.80 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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