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Utility Giant Duke Energy Gains On Q2 Success: CEO Hails 'Clear Growth Visibility'
Duke Energy Corporation (NYSE:DUK) shares are trading higher after the company reported second-quarter FY24 adjusted EPS of $1.18, up from $0.91 a year ago, beating the consensus of $1.02.
Revenues of $7.17 billion exceeded the consensus of $6.61 billion.
Electric Utilities and Infrastructure’s adjusted segment income rose to $1.12 billion from $850 million a year ago. Quarterly results improved mainly due to rate increases, higher sales volumes, and better weather.
On the other hand, the adjusted segment income of Gas Utilities and Infrastructure fell to $6 million from $25 million a ...