Duke Energy: First earnings report since merger shows $594M profit

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CHARLOTTE, N.C. - Duke Energy announced its first earnings report Thursday morning since it merged with Progress Energy last summer.

The company said it made $594 million in the last three months.

That is slightly better than the combined performance of Duke and Progress last quarter of $524 million.

The merger cost more than $450 million, which Duke officials say breaks down to 42 cents-per-share.