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Net income came in at $97 million, or 14 cents per share, down from $688 million, or 97 cents per share. Adjusted earnings came in at 86 cents per share – below analysts’ estimate of 88 cents per share.
Revenue rose 5% to $23.93 billion from $22.76 billion last year. Analysts expected to see revenue of $25.59 billion.
Looking ahead to FY2015, the company expects to see EPS between $4.55 and $4.75. Analysts expected to see EPS of $4.76.
DUK may be a good choice for investors seeking a defensive dividend stock, as it currently offers a dividend yield around 4% and has as a strong history of dividend increases.
|VTSMX||Vanguard Total Stock Market Index||1.72%|
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