Duke Energy net income falls 49% to $109 million (DUK)

Fri. October 30, 2009; Posted: 07:35 AM

Oct 30, 2009 (SmarTrend(R) News Watch via COMTEX) -- DUK | Quote | Chart | News | PowerRating -- 10/30/2009-Duke Energy (NYSE:DUK) reported Q3 EPS of 40 cents, topping consensus estimates of 38 cents. Revenues in the quarter fell 3.2% year-over-year to $3.40 billion, and came in short of consensus estimates of $3.80 billion.

"I'm very pleased with our results through the third quarter," said Jim Rogers, Duke Energy Chairman, President and CEO. "We continue to perform well in this recessionary climate, matching cost reductions with the declines we're experiencing in usage by our industrial customers. We are maintaining our commitment to operational excellence and strong credit and liquidity. Most importantly, we haven't lost focus on building our business for the long-term, modernizing our fleet and achieving constructive regulatory recovery of our capital investments."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Duke Energy Corp (DUK) click here. Duke Energy Corp (DUK) has Short Term PowerRatings of 6. Details on Duke Energy Corp (DUK) Short Term PowerRatings is available at This Link.

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