Duke Energy's Q3 Earnings Miss Estimates, Revenues Increase Y/Y
DUKDuke Energy(DUK) ZACKS·2024-11-08 01:31

Duke Energy Corporation's (DUK) third-quarter 2024 adjusted earnings of $1.62 per share missed the Zacks Consensus Estimate of $1.73 by 6.4%. Moreover, the bottom line declined 16.5% from $1.94 per share reported in the year-ago quarter.See the Zacks Earnings Calendar to stay ahead of market-making news. The year-over-year decline in adjusted earnings was due to a higher effective tax rate, storm costs, increasing interest expense and higher depreciation on a growing asset base.The company generated GAAP ea ...