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Duke Energy Earnings Beat, Revenue Misses In Q3 -Breaking

by Mike Robinson

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© Reuters Duke Energy Earnings Beat, Revenue Misses In Q3

Investing.com Duke Energy (NYSE:) Thursday’s third quarter report showed that revenue fell below expectations and that analysts had forecasts for it exceedingly.

Duke Energy posted earnings per share (EPS) of $1.88 on $6.95B in revenue. Investing.com polled analysts and predicted EPS at $1.8 for revenue $7.32B.

Duke Energy shares rose 11% over the beginning of this year but are down 5.39% from August 16’s 52 week high $108.38. They are under-performing the S&P 500 which is up 24.08% from the start of the year.

Duke Energy is following other Utilities major sector earnings this month

Duke Energy reports on NextEra Energy’s earnings beat on October 20th, reporting EPS $0.75 per share on revenue $4.37B. This compares to NextEra Energy’s forecasts of EPS $0.716 for revenue $5.44B.

Southern beat all expectations with a third quarter EPS at $1.23 on $6.24B in revenue, as opposed to the forecast of EPS at $1.22 for $6.13B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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