NextEra Energy Beats Adjusted Profit Forecast
April 23 2019 - 9:14AM
Dow Jones News
By Micah Maidenberg
Adjusted profit rose at utility and energy company NextEra
Energy Inc. (NEE) in the first quarter.
Overall, earnings dropped to $680 million, or $1.41 a share,
from $4.43 billion, or $9.32 a share, the year earlier, when the
company reported a major gain related to its deconsolidation of a
limited partnership it formerly owned.
Excluding one-time gains and after other adjustments, the
company reported a profit of $1.06 billion, or $2.20 a share,
compared with $929 million, or $1.96 a share, a year earlier.
Analysts predicted $2.05 a share, according to FactSet.
Revenue increased to $4.08 billion, up 6% compared with the
first quarter of 2018.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
April 23, 2019 08:59 ET (12:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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