Utility Stocks Ended Mixed (DUK, CNP, PPL)
Duke Energy Corporation (NYSE:DUK) added 1.12% to $18.07. The company said on Thursday that its third-quarter profit rose to $670 million, or 51 cents a share, from $109 million, or 8 cents a share a year ago.
Analysts polled by FactSet Research had expected the company to earn 42 cents a share on revenue of $3.74 billion.
The company also raised it earnings outlook for the full year, to $1.40 to $1.45 a share, from $1.30 to $1.35 a share.
The stock went up more than 3% year-to-date. The 52-week range of the stock is $15.47-$18.09.
CenterPoint Energy, Inc. (NYSE:CNP) lost 0.18% to $16.39. The company said Thursday its third-quarter earnings rose to $123 million, or 29 cents a share, from $114 million, or 31 cents a share, in the year-ago period.
Wall Street analysts expected CenterPoint to earn 27 cents a share, on revenue of $2.05 billion, according to a survey by FactSet Research.
The company said it continues to expect 2010 earnings of $1.02 a share to $1.12 a share.
The stock opened at $16.42 and was trading within the range of $16.28-$16.55.
PPL Corporation (NYSE:PPL) slid 0.23% to $26.44. The company said Thursday its third-quarter earnings rose sharply to $248 million, or 51 cents a share, from $20 million, or 5 cents a share, in the year-ago period.
Wall Street analysts expected PPL to earn 72 cents a share, on revenue of $2.53 billion, according to a survey by FactSet Research.
The stock went down more than 19% year-to-date.