Duke Energy (DUK) Tops Q1 EPS by 1c, Slight Miss on Revenues; Reaffirms FY Outlook

Duke Energy (NYSE: DUK) reported Q1 EPS of $1.04, $0.01 better than the analyst estimate of $1.03. Revenue for the quarter came in at $5.73 billion versus the consensus estimate of $5.76 billion.

GUIDANCE:

Duke Energy sees FY2017 EPS of $4.50-$4.70, versus the consensus of $4.60.

Based upon the results through the first quarter, the company remains on track to achieve its 2017 adjusted diluted earnings guidance range of $4.50 to $4.70 per share.

"We have a compelling strategy to deliver value to our stakeholders, and we are making good progress against our plan,\" said Lynn Good, Duke Energy chairman, president and CEO, "We recently announced Power/Forward Carolinas, our 10-year grid modernization plan in North Carolina. This program and others like it will not only strengthen the energy grid, but will also stimulate economic development and job growth in our communities and provide additional benefits for our customers."

"Our ongoing investments drove solid growth in our electric and gas utilities in the quarter, and we are responding to warm winter weather through disciplined cost management and operational efficiency. We remain on-track for 2017 and have affirmed our full-year guidance range."

For earnings history and earnings-related data on Duke Energy (DUK) click here.

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