Duke Energy Corp (DUK)

[fuzzy]

Duke Energy misses by $0.01, misses on revs; reaffirms FY16 EPS in-line (DUK) :
•Reports Q1 (Mar) earnings of $1.13 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $1.14; revenues fell 7.3% year/year to $5.62 bln vs the $6.02 bln Capital IQ Consensus•Adjusted diluted EPS for the first quarter of 2016 were lower than the prior year, primarily due to milder winter weather, the absence of prior-year Midwest Generation results, and higher winter storm costs. International's results were supported by a favorable tax adjustment and stronger results in Brazil.

•Co reaffirms guidance for FY16, sees EPS of $4.50-4.70, excluding non-recurring items, vs. $4.61 Capital IQ Consensus Estimate.