Before the market open, Duke Energy reported revenues that decreased 1.9% year-over-year to $5.48 billion and missed Wall Street's expectations of $5.67 billion.
The company posted adjusted earnings of $1.07 per share, topping analysts' estimates of $1.01.
The utility operator said revenue was hurt by write-downs from international business and acquisition affairs, as well as from unfavorable weather conditions that led to less electricity usage in the areas that it services.
In a Thursday morning conference call, CEO Lynn Good said its acquisition of Piedmont Natural Gas (PNY) should be completed by year-end and the sale of its international business would happen sometime in 2017.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates Duke Energy as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that the team rates.
You can view the full analysis from the report here: DUKDUK data by YCharts