Duke Energy (DUK) Stock Declines Further on Earnings Miss

Duke Energy (DUK) stock is down on heavy trading volume after the company reported its 2015 third quarter earnings results yesterday.
By Amanda Albright ,

NEW YORK (TheStreet) -- Duke Energy (DUK) - Get Report stock continues to fall on heavy trading volume after the energy company's 2015 third quarter earnings results missed expectations. 

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

Shares of Duke Energy were down 4.55% to $68.20 in early afternoon trading on Friday. So far today, 4.15 million shares of Duke Energy have traded, versus its 30-day average of 3.04 million shares.

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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