Duke Energy Q2 Profit Misses View, Backs Full Year Forecast

(RTTNews) - Duke Energy (DUK) Thursday said its second-quarter attributable net income fell to $543 million from $609 million reported last year.

Earnings per share declined to $0.78 from $0.86 in the second quarter of 2014.

The company attributed the earnings decline to items as well as weakness in the International business, particularly Brazil, and the timing of O&M expenses at Regulated Utilities.

Adjusted earnings per share were $0.95, compared to $1.11 for the second quarter of 2014. On average, 14 analysts polled by Thomson Reuters expected earnings of $0.99 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues slid to $5.589 billion from $5.708 billion in the previous year. Analysts expected revenues of $5.78 billion.

Duke Energy said it remains on track to achieve its 2015 adjusted earnings guidance range of $4.55 to $4.75 per share. Analysts look for earnings of $4.67 per share for the year.