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February 18, 2014
07:06 EDTDUKDuke Energy reports Q4 adjusted EPS $1.00, consensus 95c
Reports Q4 revenue $5.14B, consensus $6.32B; For the quarter, the company achieved lower costs through synergies realized from the 2012 merger with Progress Energy; recovered infrastructure modernization costs through revised customer rates; and benefitted from the adoption of nuclear outage cost levelization in the Carolinas, which will lessen quarterly earnings volatility caused by the variable timing of nuclear refueling outages. The company's International Energy segment also saw favorable volumes and pricing in Brazil.
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