Stocks to Watch: Duke Energy, Estee Lauder (Update 1)
NEW YORK -- Duke Energy (DUK) reported first-quarter earnings Friday of $295 million, or 22 cents a share, down from year-earlier earnings of $511 million, or 38 cents.
Adjusted earnings for the latest quarter were 38 cents a share.
Analysts expected a profit of 36 cents a share on revenue of $3.62 billion.
Estee Lauder (EL) reported Friday third-quarter earnings of $130.4 million, or 33 cents a share, up from year-earlier earnings of $124.7 million, or 31.
Analysts anticipated the company earning 33 cents a share in the period.
Shares of Estee Lauder fell 1.01% in premarket trading Friday to $63.50.
The company also gave a bullish forecast for the current quarter and said it has agreed to acquire privately held SlideShare, a service that allows professionals to share presentations, for $118.75 million in cash and stock.
Shares of LinkedIn rose 9.7% in premarket trading Friday to $120.02.
American International Group (AIG) reported after-tax operating income of $3.1 billion, or $1.65 a share, as sales of once-toxic subprime assets and a rebound of its property-casualty unit lifted profitability.
Analysts were looking for AIG to earn $1.12 a share compared with $1.30 a share a year earlier.
Shares of AIG ticked down 14 cents, or 0.41%, to $34 in premarket trading Friday.