Duke Energy (DUK) Stock Declines After Earnings Miss

Duke Energy (DUK) stock is down in early-morning trading after the company reported its 2015 third quarter earnings results.
By Amanda Albright ,

NEW YORK (TheStreet) -- Duke Energy (DUK) - Get Report stock is down by 1.31% to $71 in early morning trading on Thursday, after the company's 2015 third quarter earnings results missed expectations.  

Before the market open on Thursday, the energy company reported earnings of $1.47 per share, up from $1.40 per share for the year-ago period. 

Revenue increased year over year to $6.48 billion, up from $6.39 billion for the 2014 third quarter. 

Analysts surveyed by Zacks Investment Research were expecting Duke Energy to report earnings of $1.52 per share on revenue of $6.59 billion.

Duke Energy's third quarter earnings were better than the previous year due to warmer weather, the company said in a statement.

Duke Energy narrowed its 2015 earnings guidance to $4.55 to $4.65 per share from $4.55 to $4.75 per share.

Separately, TheStreet Ratings team rates DUKE ENERGY CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

We rate DUKE ENERGY CORP (DUK) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full analysis from the report here: DUK

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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