Duke Energy Q4 Adj. EPS Beats Consensus - Quick Facts

(RTTNews) - Electric utility Duke Energy Corp. (DUK) said its fourth-quarter 2013 reported earnings per share advanced to $0.97, from $0.62 in the prior-year quarter. For the recent quarter, adjusted earnings per share amounted to $1.00. On average, 14 analysts polled by Thomson Reuters expected earnings per share of $0.95 for the quarter. Analysts' estimates typically exclude one-time items.

For the full year 2013, the firm has earned $2.68 billion of net income on $24.6 billion operating revenues. Duke Energy's full-year reported per share earnings were $3.76 in 2013.

Looking ahead, the firm has set its 2014 adjusted earnings per share guidance at $4.45 to $4.60 and updated through 2016 its longer-term 4 to 6 percent average annual growth in adjusted earnings per share. Twenty-three analysts project earnings per share of $4.57 for the year 2014.