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Duke Energy's (DUK) Q2 Earnings Meet Estimates, Sales Beat

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Charlotte, NC-based Duke Energy Corporation (DUK - Free Report) is a diversified energy company with a wide portfolio of domestic and international, natural gas and electric and regulated and unregulated businesses which supplies, delivers and processes energy in North America and selected international markets. It is one of the leading electric utilities in the U.S.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for the second quarter earnings of $1.01 per share has remained stable over the last seven days.

Duke Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 2.94%.

Zacks Rank: Currently, Duke Energy has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: Duke Energy reported second quarter 2017 earnings of $1.01 in line with the Zacks Consensus Estimate.

Revenues: Duke Energy beat on revenues. Our consensus called for revenues of $5,541 million, and the company reported revenues of $5,555 million.

Guidance: The company reaffirmed its expectation to report its 2017 adjusted EPS in the range of $4.50−$4.70.

Check back later for our full write up on this Duke Energy earnings report!

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