Duke Energy Corporation (NYSE:DUK) shares are trading lower after it reported fourth-quarter FY23 results.
Adjusted EPS of $1.51, up from $1.11 a year ago, missing the consensus of $1.54. Revenues of $7.21 billion missed the consensus of $7.49 billion.
Electric Utilities and Infrastructure’s adjusted segment income rose to $1.12 billion from $811 million a year ago. Results reflect a decline in O&M expense, favorable rate case impacts, growth from riders and other retail margin and lower tax expense.
On the other hand, Gas …
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