Reuters: Regulatory News: Duke Energy adjusted profit slips as commercial sales weak

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Duke Energy adjusted profit slips as commercial sales weak May 3rd 2013, 11:17 Fri May 3, 2013 7:17am EDT May 3 (Reuters) - Duke Energy Corp, the largest power provider in the United States, reported a drop in adjusted quarterly profit on Friday, blaming weak demand for commercial electricity. For the first quarter, the company posted profit of $634 million, or 89 cents per share, compared with $295 million, or 65 cents per share, a year earlier. Duke bought Progress Energy last summer for $18 billion, a deal that sharply increased its size. Adjusting for the transaction, Duke said it earned $1.02 per share, compared with $1.13 a year earlier.

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