Duke Energy Earnings: Here’s Why Shares are Up Now
Duke Energy Corporation (NYSE:DUK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.29%.
Duke Energy Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 10.53% to $1.02 in the quarter versus EPS of $1.14 in the year-earlier quarter.
Revenue: Rose 62.48% to $5.9 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Duke Energy Corporation reported adjusted EPS income of $1.02 per share. By that measure, the company missed the mean analyst estimate of $1.04. It beat the average revenue estimate of $5.74 billion.
Quoting Management: “Our first quarter earnings were consistent with our internal plan and we are affirming our 2013 earnings guidance range,” said Jim Rogers, Duke Energy chairman, president and CEO. “Our operational performance was strong, as highlighted by our 97.1 percent nuclear capacity factor, reflecting our continuing focus on optimizing the performance of our nuclear fleet.”
Key Stats (on next page)…