WASHINGTON (dpa-AFX) - Duke Energy Corp (DUK) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $1.365 billion, or $1.76 per share. This compares with $1.099 billion, or $1.44 per share, last year.
Analysts on average had expected the company to earn $1.59 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.5% to $8.249 billion from $7.671 billion last year.
Duke Energy Corp earnings at a glance (GAAP) :
-Earnings: $1.365 Bln. vs. $1.099 Bln. last year. -EPS: $1.76 vs. $1.44 last year. -Revenue: $8.249 Bln vs. $7.671 Bln last year.
The company has confirmed its 2025 adjusted EPS outlook in the range of $6.17 to $6.42. On average, 19 analysts expect earnings of $6.32 per share for the year.
Duke Energy also reaffirmed its long-term adjusted EPS growth rate of 5% - 7% through 2029.
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