Duke Energy profit slightly above Wall Street forecasts

CHARLOTTE, N.C. ― Duke Energy, which seeking to buy Progress Energy, posted second-quarter earnings slightly above Wall Street forecasts and said it was on target to meet its full-year profit goal.

Net income was $435 million, or 33 cents per share, compared with a year-earlier loss of $222 million, or 17 cents per share, that included a charge to write down the value of some power plants.

That topped the 31 cents per share that analysts on average had forecast, according to Thomson Reuters I/B/E/S.

Revenue rose 8 percent to $3.53 billion, while analysts had forecast $3.31 billion.