Duke Energy Chairman, President and CEO James E. Rogers addresses a session at the World Economic Forum (WEF) in Davos January 26, 2008.
(REUTERS/Denis Balibouse)
Duke Energy earnings jump 30 percent
Duke Energy Chairman, President and CEO James E. Rogers addresses a session at the World Economic Forum (WEF) in Davos January 26, 2008.
(REUTERS/Denis Balibouse)
NEW YORK (Reuters) - Power company Duke Energy Corp <DUK.N> on Friday posted a 30 percent rise in first-quarter profit, boosted by strong gains in its wholesale power business.
Net income rose to $465 million, or 37 cents per share, from $357 million, or 28 cents per share, a year earlier.
Excluding one-time items, discontinued operations and the market value of its trading portfolio, earnings per share rose to 35 cents from 30 cents a year ago.
(Reporting by Matt Daily, editing by Mark Porter)
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