|By PR Newswire||
|August 19, 2014 09:30 AM EDT||
LONDON, August 19, 2014 /PRNewswire/ --
Investor-Edge.com has issued its complimentary post-earnings review on Duke Energy Corporation (NYSE: DUK). The company was featured in the headlines on Thursday, August 07, 2014, as its adjusted diluted earnings per share (EPS) improved twenty four cents year-over-year and operating revenues advanced $70 million year-over-year during the second quarter of 2014. Our free coverage report can be accessed at:
For the second quarter of 2014, Duke Energy Corp.'s operating income improved $295 million year over year to $1,116 million. The company reported total operating expenses of $4,839 million in the quarter, down $220 million year-over-year. The company's cash & cash equivalents balance improved to $2,008 million as on June 30, 2014 from $1,571 million a year-ago. Duke Energy Corp. raised its full year 2014 adjusted earnings guidance range to $4.50-4.65 per share from its prior forecast of $4.45-4.60 per share. The free research on DUK can be downloaded as in PDF format at:
Duke Energy Corp.'s Regulated Utilities segment recognized adjusted income of $689 million in Q2 2014, compared to $590 million in the same period last year. The adjusted income was boosted by factors including higher revenues from new pricing and riders, favorable weather, lower effective tax rate, lower operating maintenance expenses, and an increased wholesale rate margin. These favorable factors were partially offset by higher depreciation, amortization, interest expenses, and lower allowance for funds used during construction (AFUDC) equity. The company's International Energy segment reported Q2 2014 adjusted income of $146 million, compared to $87 million in the prior year period. The segment's improved quarterly earnings were prompted by primarily the favourable results in Latin America mainly due to a tax benefit resulting from the reorganization in its Chile operations, and the improved results at National Methanol Company. Some of the benefits from this segment were relatively offset by unfavorable foreign currency exchange rates. The company's Commercial Power segment recognized Q2 2014 adjusted income of $16 million, compared to a segment loss of $3 million in the year ago period. The improved earnings were driven by higher results from renewable business, Midwest coal and gas generation fleets. Sign up and read the free analyst's notes on DUK at:
Lynn Good, President and Chief Executive Officer at Duke Energy Corp. stated that the company is well positioned to meet is financial objectives in 2014 and beyond, buoyed by second quarter performance and continued focus on operational excellence. She added that the company is committed to maintaining affordable customer rates and to supporting the strength of local communities. Duke Energy's President asserted that the company is executing the strategy to position the business for long-term sustainable growth, benefitting both customers and shareholders.
The Charlotte, North Carolina-based company's total operating revenues came in at $5,949 million in Q2 2014, compared to $5,879 million in the year-ago quarter and Bloomberg consensus estimate of $6,136 million. During the reported period, the electric utilities company recorded net income attributable to Duke Energy Corp. of $609 million, or $0.86 per share as compared to $339 million, or $0.48 per share in the prior year quarter. Meanwhile, the adjusted net income attributable to Duke Energy Corp. for Q2 2014 came in at $786 million, or $1.11 per diluted share, compared with $617 million, or $0.87 per diluted share in the year ago quarter. Bloomberg estimated a net income of $710.67 million or $0.99 per share and adjusted net income of $707.50 million or $0.98 per share for Q2 2014.
On the day of the earnings release, Thursday, August 07, 2014, Duke Energy Corp.'s shares gained 1.09% to close the session at $70.60. On Monday, August 18, 2014, Duke Energy Corp.'s shares finished the day at the previous day's closing price of $72.09, after vacillating between $71.92 and $72.65. A total of 1.83 million shares were traded, which was below its three months average volume of 2.74 million shares. Duke Energy Corp.'s shares have advanced 1.64% in the previous three trading sessions, 1.04% in the last three months, and 4.46% on YTD basis. The stock is trading above its 200-day moving average of $70.98, while the 200-day moving average is below Duke Energy Corp.'s 50-day moving average of $72.18. The stock traded at a PE ratio of 15.44 and has a Relative Strength Index (RSI) of 50.19. Visit Investor-Edge and access the latest research on DUK at:
Sneak Peek to Corporate Insider Trading
On August 01, 2014, Lloyd M. Yates, Duke Energy Corp.'s Executive Vice President - Market Solutions & President - Carolinas Region, sold 300 shares worth $21,672 at an average price of $72.24. Complimentary in-depth research on DUK is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SYS-CON Media announced today that Sematext launched a popular blog feed on DevOps Journal with over 6,000 story reads over the weekend. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting an...
Dec. 21, 2014 12:00 PM EST Reads: 606
ScriptRock makes GuardRail, a DevOps-ready platform for configuration monitoring. Realizing we were spending way too much time digging up, cataloguing, and tracking machine configurations, we began writing our own scripts and tools to handle what is normally an enormous chore. Then we took the concept a step further, giving it a beautiful interface and making it simple enough for our bosses to understand. We named it GuardRail after its function - to allow businesses to move fast and stay sa...
Dec. 21, 2014 11:30 AM EST Reads: 583
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Dec. 21, 2014 11:30 AM EST Reads: 2,399
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Dec. 21, 2014 11:00 AM EST Reads: 1,979
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
Dec. 21, 2014 11:00 AM EST Reads: 1,968
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
Dec. 21, 2014 10:00 AM EST Reads: 2,139
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
Dec. 21, 2014 10:00 AM EST Reads: 1,790
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Dec. 21, 2014 10:00 AM EST Reads: 2,036
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
Dec. 21, 2014 08:30 AM EST Reads: 2,258
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...
Dec. 21, 2014 06:30 AM EST Reads: 1,948
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
Dec. 20, 2014 11:00 PM EST Reads: 1,334
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Dec. 20, 2014 11:00 PM EST Reads: 1,230
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 20, 2014 12:00 PM EST Reads: 1,969