CNBC News reported that Duke Energy (NYSE:DUK) reported lower net income due to coal plant construction overruns.

As quoted in the market news:

The North Carolina-based power company said Friday that it earned $295 million, or 22 cents per share, in the three months ended March 31. That’s down from $511 million, or 38 cents per share, a year ago.

Click here to read the full CNBC News report.