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CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Duke Energy Corp. (DUK) on Tuesday reported first-quarter profit of $1.38 billion.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.76.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The electric utility posted revenue of $8.25 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $8.06 billion.
Duke Energy expects full-year earnings in the range of $6.17 to $6.42 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DUK at https://www.zacks.com/ap/DUK