Duke Energy Q4 Results Top Estimates; Reaffirms FY23 Outlook

RTTNews | 801 days ago
Duke Energy Q4 Results Top Estimates; Reaffirms FY23 Outlook

(RTTNews) - Duke Energy Corp. (DUK) reported on Thursday a net loss available to common stockholders for the fourth quarter of $531 million or $0.71 per share, compared to net income of $732 million or $0.93 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $1.11 per share, compared to $0.88 per share in the year-ago quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $1.07 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues for the quarter increased to $7.35 billion from $6.12 billion in the same quarter last year. Analysts expected revenues of $5.04 billion for the quarter.

For fiscal 2023, the company continues to expect adjusted earnings in a range of $5.55 to $5.75 per share and extended long-term growth rate of 5 to 7 percent through 2027 off the $5.65 midpoint of 2023 adjusted earnings guidance. The Street is looking for earnings of $5.65 per share for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Duke Energy Slashes FY22 Outlook As Q3 Adj. EPS Miss Estimates

Duke Energy Slashes FY22 Outlook As Q3 Adj. EPS Miss Estimates

Duke Energy Corp. reported on Friday that profit for the third quarter edged up from last year, driven by strong volumes in Electric Utilities and Infrastructure. Adjusted earnings per share missed analysts' expectations, while quarterly revenues topped it. The company also slashed it adjusted earnings outlook for the full-year 2022.
RTTNews | 898 days ago
Duke Energy Progress Says Customers Will See Bills Increase If NCUC Approves

Duke Energy Progress Says Customers Will See Bills Increase If NCUC Approves

Duke Energy Progress, a subsidiary of Duke Energy Corp. (DUK), said Thursday that it has made its annual filings with the North Carolina Utilities Commission (NCUC) this week for costs associated with fuel and various riders, including state programs to encourage renewable energy adoption, and energy efficiency and demand management programs to reduce energy use.
RTTNews | 1039 days ago
NZ Dollar Falls Amid RBNZ Rate Cut Speculations

NZ Dollar Falls Amid RBNZ Rate Cut Speculations

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders speculate additional easing by the Reserve Bank of New Zealand (RBNZ).
RTTNews | 2 days ago
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just above the 1,140-point plateau, although it's expected to open in the red on Friday.
RTTNews | 2 days ago