Duke Energy (DUK.N), which seeking to purchase Progress Energy (PGN.N), 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.
Duke Energy Corporation (Duke Energy) is an energy company primarily located in the Americas. Shares of DUK remained unchanged at $18.70. In the past year, the shares have traded as low as $16.76 and as high as $19.50. On average, 8845950 shares of DUK exchange hands on a given day and today's volume is recorded at 900.
Progress Energy, Inc. (Progress Energy) is a utility holding company engaged in the regulated electric utility business. Shares of PGN remained unchanged at $47.25. In the past year, the shares have traded as low as $41.61 and as high as $49.03. On average, 1335990 shares of PGN exchange hands on a given day and today's volume is recorded at 0.
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