$DUK Duke Energy (NYSE:DUK) -1.8% premarket after Q4 earnings fell short of expectations amid warmer weather in some of its markets.
DUK says Q4 earnings at its regulated utilities segment, its biggest, rose 9% Y/Y to $601M, helped by higher pricing and updated contracts with more favorable margins that countered the effect of record warm weather in the Carolinas and across the Midwest.
Q4 income in the international business fell 5.6% Y/Y to $68M, pressured by lower methanol prices, partially offset by an improvement in Brazilian operations; DUK has said it is looking to sell all or part of the international business.
DUK issues FY 2016 EPS guidance of $4.50-$4.70, in-line with analyst consensus.
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