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Friday, May 24, 2013 | 3:48 a.m.

Posted: 7:20 a.m. Thursday, Nov. 8, 2012

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

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Duke Energy building
Duke Energy building

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.

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