Duke Energy Corp Profit Drops 12% In Q1

(RTTNews) - Duke Energy Corp (DUK) announced earnings for first quarter that dropped compared to the same period last year.

The company said its profit dropped to $777 million, or $1.13 per share. This was lower than $881 million, or $1.24 per share, in last year's first quarter.

Analysts had expected the company to earn $1.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $5.62 billion. This was down from $6.07 billion last year.

Duke Energy Corp earnings at a glance:

-Earnings (Q1): $777 Mln. vs. $881 Mln. last year. -Earnings Decline (Y-o-Y): -11.8% -EPS (Q1): $1.13 vs. $1.24 last year. -EPS Decline (Y-o-Y): -8.9% -Analysts Estimate: $1.14 -Revenue (Q1): $5.62 Bln vs. $6.07 Bln last year. -Revenue Change (Y-o-Y): -7.4%

-Guidance: Full year EPS guidance: 4.50 to $4.70