CHARLOTTE, North Carolina — Duke Energy Corp. (DUK) on Friday reported first-quarter net income of $864 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.22. Earnings, adjusted for one-time gains and costs, came to $1.24 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The electric utility posted revenue of $6.07 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 dropped 7 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1 percent. The stock has risen 4 percent in the last 12 months.
Keywords: Duke Energy, Earnings Report