Duke Energy Swings To Q1 Profit, Backs 2015 Outlook - Quick Facts

(RTTNews) - Duke Energy Corp. (DUK) reported net income attributable to the company for the first quarter of $97 million or $1.22 per share, compared to a net loss of $97 million or $0.14 per share in the prior-year quarter.

Income from continuing operations attributable to Duke common shareholders grew to $1.09 per share from last year's $1.05 per share.

Excluding items, adjusted net income for the quarter was $1.24 per share, compared to $1.17 per share in the year-ago quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $1.14 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues for the quarter declined to $6.07 billion from $6.26 billion in the same quarter last year. Street analysts had a consensus revenue estimate of $6.30 billion for the quarter.

The company said it is on track to achieve its 2016 adjusted earnings guidance range of $4.55 to $4.75 per share. Analysts project annual earnings per share of $4.67.