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Duke Energy (DUK)
Duke Energy Q3 Earnings Fall
Duke Energy said Friday third-quarter net income fell to $109 million, or 8 cents a share, from $215 million, or 17 cents a share in the year-ago period. Third-quarter adjusted earnings totaled 40 cents a share. Revenue fell to $3.4 billion from $3.5 billion.
Oct 30 · 9:24:00 AM · Source: Company News
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by Larry Etter
American Electric Power (AEP)
AEP Earnings Up, Revenues Down
American Electric Power today reported 2009 third-quarter earnings of $443 million, or $0.93 per share, compared with $374 million, or $0.93 per share, for third-quarter 2008. Revenue dropped 16% to $3.5 billion as cool summer weather and the ongoing recession weighed on sales.
Company CEO said company's sales to industrial customers in the third quarter were down 17 percent from a year ago, a slight improvement from second quarter, when industrial sales were down 20 percent.
Oct 29 · 9:44:00 AM · Source: Company News Release
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by Larry Etter
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