CHARLOTTE, N.C. (AP) _ Duke Energy Corp. (DUK) on Thursday reported third-quarter net income of $1.42 billion.
On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $1.81. Earnings, adjusted to account for discontinued operations, were $1.78 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The electric utility posted revenue of $7.97 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $7.19 billion.
Duke Energy expects full-year earnings in the range of $5.20 to $5.30 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
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