Duke Energy Corp. Misses By a Penny

Duke Energy Corp. reported first quarter earnings fell, as it spun off its natural gas business at the year outset. Net income was $357 million, good for EPS of $0.28 cents per share, versus net of $358 million (EPS of $0.37) in the year earlier period.
However, excluding one-time items, EPS were $0.30 versus $0.21 a year ago. Revenue came in at $3.09 billion, up from $1.62 billion a year earlier. Thomson Financial consensus estimates expected Duke's EPS to be $0.31 on revenue of $3.05 billion. Duke shares have gained 5% so far in 2007, lagging the broader S&P utility index which is up roughly 15%.

Sources: Press Release, Reuters, AP, MarketWatch
Commentary: Investing In a Greenhouse Gas-Regulated World • Duke-Spectra: A Powerful Spinoff • Cramer's Take on DUK
Stocks/ETFs to watch: Duke Energy Corporation (DUK). Competitors: Exelon Corporation (EXC), The Southern Company (SO), American Electric Power Company (AEP), TXU Corporation (TXU). ETFs: Utilities SPDR ETF (XLU), HOLDRS Utilities (UTH), Vanguard Utilities (VPU)
Related: DUK Investor Relations

Seeking Alpha's news briefs are combined into a pre-market summary called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only seconds to sign up.

Comments

[dcappe10:]

Great post! I would like to add to it by recommending Spectra Energy for any potential investors interested in buying energy stocks. I recently found a great article that discusses and details the market as a whole as well as gives a company profile of Spectra. It’s really interesting so take a look. It really opened my eyes.

Alternative Energy Research Report Online

Enjoy!…Cheers

2007 Jun 15 04:02 PM