Monday, July 26, 2010

Duncan Energy (NYSE:DEP) Beats Quarterly Estimates

Duncan Energy Partners (NYSE:DEP) released their quarterly results and the company exceeded analysts' expectations.

Both revenue and earnings were up, with the company generating profits of $23.3 million, or 40 cents a share. Analysts had been looking from 39 cents a share.

For revenue, that increased from last year's 226.7 million, to $265.2 million. Analysts projected $256.83 in revenue for the second quarter.

Duncan was trading at $29.48 at 12:21 PM EDT, down 0.4, or 0.14 percent.

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