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Duke Energy posts 2Q profit of $543 million, result misses forecasts

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CHARLOTTE, North Carolina — Duke Energy Corp. (DUK) on Thursday reported second-quarter profit of $543 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 78 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 95 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The electric utility posted revenue of $5.59 billion in the period.

Duke Energy expects full-year earnings in the range of $4.55 to $4.75 per share.

Duke Energy shares have decreased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. The stock has climbed 4 percent in the last 12 months.

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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 http://www.zacks.com/ap/DUK

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Keywords: Duke Energy, Earnings Report

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