NextEra Energy Sees Slight Rise in Profits -- Earnings Review

   By Kimberly Chin

NextEra Energy Inc. (NEE) released its latest earnings report Wednesday. Here's what you need to know:

PROFIT: The Florida-based energy company reported a quarterly profit of $795 million, or $1.64 a share, up from $793 million, or $1.68 a share, a year earlier. Excluding items, NextEra Energy reported an adjusted profit of $2.11 a share, compared with $1.86 a share last year. Analysts polled by Thomson Reuters had forecast an adjusted profit of $2.06 a share.

SEGMENTS: Florida Power & Light Co., NextEra's electric utility subsidiary, said net income was $626 million, compared with $526 million a year ago. NextEra Energy Resources said its quarterly profits were $408 million on an adjusted basis, up from $351 million in the year-ago quarter.

REVENUE: The company posted revenue of $4.07 billion, down from $4.4 billion in the year-earlier period. Analysts had forecast revenue of $4.5 billion.

OUTLOOK: The company maintained its 2018 adjusted earnings per share outlook of between $7.45 to $7.95.

STOCK: NextEra shares, up 9% so far this year, fell 1% in premarket trading.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

July 25, 2018 09:08 ET (13:08 GMT)

Nextera Energy (NYSE:NEE)
Historical Stock Chart
From May 2024 to Jun 2024