SaltWire's Atlantic regional weather forecast for November 2, 2023 | SaltWireNEW YORK - Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and so-called rider charges which are added to utility bills to recoup some costs.
However, the Charlotte, North Carolina-based company missed revenue estimates, reporting $7.994 billion in the quarter versus expectations of $8.131 billion. Retail margin and rider charges, which are added to utility bills to recover the costs of specific programs, rose to $0.11 per share during the quarter from -$0.02 a year ago.
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