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
Duke Energy Prices Offering Of $1.5 Bln Of 4.125% Convertible Senior Notes Due 2026
Duke Energy Sustainable Solutions Inks 180-MW Virtual Power Purchase Agreement With Verizon
Duke Energy Slashes FY22 Outlook As Q3 Adj. EPS Miss Estimates
Duke Energy Progress Says Customers Will See Bills Increase If NCUC Approves
U.S. GDP Jumps More Than Previously Estimated In Q2
U.S. Weekly Jobless Claims Edge Down To 229,000
FTSE 100 Down 0.4% In Cautious Trade
