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Gold/Mining/Energy : DUK: Duke Energy Corporation
DUK 124.30-0.7%Oct 31 9:30 AM EDT
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From: Fuzzy5/3/2016 2:24:03 PM
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Duke Energy misses by $0.01, misses on revs; reaffirms FY16 EPS in-line ( DUK) : Reports Q1 (Mar) earnings of $1.13 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $1.14; revenues fell 7.3% year/year to $5.62 bln vs the $6.02 bln Capital IQ Consensus
  • Adjusted diluted EPS for the first quarter of 2016 were lower than the prior year, primarily due to milder winter weather, the absence of prior-year Midwest Generation results, and higher winter storm costs. International's results were supported by a favorable tax adjustment and stronger results in Brazil.
    • Co reaffirms guidance for FY16, sees EPS of $4.50-4.70, excluding non-recurring items, vs. $4.61 Capital IQ Consensus Estimate.
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