Duke Energy (DUK.N), which is seeking to purchase Progress Energy (PGN.N), posted second-quarter profit that slightly beat Wall Street forecasts, while Entergy Corp (ETR.N) earnings were near flat. Strong performance from Duke's international business and U.S. gas power plants in the wholesale markets helped offset higher costs to repair storm damage, which totaled $50 million in the quarter, Chief Financial Officer Lynn Good told Reuters on Tuesday. Duke's utility operations saw solid residential demand in the quarter and growth in industrial customers' usage in the Carolinas, although the U.S. Midwest industrial sector's demand was soft. "There continues to be a lot of volatility quarter to quarter in the (economic) growth," Good said. "It's hard to be much more than cautious."
Duke Energy Corporation (Duke Energy) is an energy company primarily located in the Americas. Shares of DUK traded higher by 0.24% or $0.045/share to $18.74. 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 747280.
Progress Energy, Inc. (Progress Energy) is a utility holding company engaged in the regulated electric utility business. Shares of PGN fell by 0.21% or $-0.1/share to $47.15. 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 117856.
Entergy Corporation (Entergy) is an integrated energy company engaged primarily in electric power production and retail electric distribution operations. Shares of ETR fell by 0.32% or $-0.21/share to $66.20. In the past year, the shares have traded as low as $64.72 and as high as $80.80. On average, 1614480 shares of ETR exchange hands on a given day and today's volume is recorded at 77933.
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