Duke Energy Q2 Profit Decreases - Quick Facts

(RTTNews) - Duke Energy (DUK) reported that its second-quarter net income to company decreased to $339 million or $0.48 per share, from $444 million or $0.99 per share, last year. Earnings per share, adjusted, was $0.87 for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.94 for the quarter. Analytsts' estimates typically exclude special items. Total operating revenues were $5.88 billion, compared to $3.58 billion prior year. Analysts expected revenue of $5.73 billion for the quarter. The company reaffirmed its 2013 adjusted earnings guidance range of $4.20 to $4.45 per share and expects stronger adjusted earnings in the second half of the year as the company implements revised customer rates and continues to achieve efficiencies from the merger transaction. Analysts expect the company to report 2013 profit per share of $4.33.