Investing.com - Duke Energy (NYSE:DUK) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Duke Energy announced earnings per share of $1.14 on revenue of $5.95B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $6.34B. That with comparison to EPS of $1.24 on revenue of $6.16B in the same period a year before.Duke Energy had reported EPS of $0.91 on revenue of $6.1B in the previous quarter.Analysts are expecting EPS of $1.06 and revenue of $5.95B in the upcoming quarter.
Duke Energy shares are down 10% from the beginning of the year and are trading at $81.66 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 9.69% year to date.
Duke Energy follows other major Utilities sector earnings this month
Duke Energy's report follows an earnings beat by NextEra Energy on Wednesday, April 22, 2020, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Enbridge had beat expectations on Thursday with first quarter EPS of $0.59 on revenue of $9.35B, compared to forecast for EPS of $0.52 on revenue of $9.33B.
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