Duke Energy: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2023, 06:15 AM ET
Last Updated - Aug 08, 2023, 06:15 AM EDT
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Duke Energy Corp. (DUK) on Tuesday reported a loss of $220 million in its second quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 32 cents. Earnings, adjusted to account for discontinued operations, came to 91 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The electric utility posted revenue of $6.58 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $6.57 billion.
