Referenced Stocks

Duke Energy Short on Q2 EPS, Revs; Reaffirms FY12 Guidance - Shares Down 1%

By Midnight Trader,  August 02, 2012, 12:30:47 PM EDT

Duke Energy ( DUK ) is down 1% at $66.72 on volume of 2.3 mln vs. the 30-day avg of 5.87 mln after the company reported Q2 EPS of $1.02, below estimates of $0.97. Q2 revenues came in at $3.5 bln, short of estimates of $4.2 bln.

The company remains on track to achieve its 2012 adjusted earnings guidance range of $4.20 to $4.35 per share for the combined company, as adjusted for the one-for-three reverse stock split.

DUK trades in a 52-week range of $50.61 - $71.13. Shares have increased 20% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: DUK



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