CHARLOTTE, N.C. (AP) _ Duke Energy Corp. (DUK) on Monday reported first-quarter net income of $857 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.08. Earnings, adjusted for non-recurring costs, were $1.30 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The electric utility posted revenue of $7.13 billion in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $6.41 billion.
Duke Energy expects full-year earnings in the range of $5.30 to $5.60 per share.
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