Duke Energy says its net income fell 24 percent in the second quarter on charges related to its nuclear operations and milder weather that reduced demand for electricity.
Duke Energy Corp. says it earned $399 million, or 48 cents per share, in the April-June quarter. That's down from $444 million, or 99 cents per share, a year ago.
Adjusted to remove the effect of one-time items, the company earned 87 cents per share. That was below analysts' expectations for earnings of 93 cents per share, on average.
Revenue rose to $5.88 billion from $3.58 billion a year earlier. Last year's results did not include results from Progress Energy, which the company acquired after the end of last year's second quarter.
Analysts expected lower revenue of $5.73 billion for the latest quarter.