NextEra Energy Reports Higher 2Q Revenue, Profit

By Aisha Al-Muslim

NextEra Energy Inc.'s (NEE) adjusted earnings beat analysts' expectations as the company reported higher profit and revenue in the latest quarter.

The Juno Beach, Fla.-based utility and energy company reported Wednesday a profit for the second quarter of $1.23 billion, or $2.56 a share, up from $781 million, or $1.61 a share, a year earlier.

Excluding one-time items, adjusted earnings were $2.35 a share, better than the $2.32 a share analysts polled by FactSet were looking for.

Revenue rose 22% to $4.97 billion, above the consensus forecast of $4.71 billion.

For fiscal 2020, the company is still guiding adjusted earnings per share of $8.70 to $9.20 a share. The company is still expecting adjusted earnings per share of $9.40 to $9.95 a share for fiscal 2021 and adjusted earnings per share of $10.00 to $10.75 for fiscal 2022.

Write to Aisha Al-Muslim at Aisha.Al-Muslim@wsj.com

(END) Dow Jones Newswires

July 24, 2019 08:28 ET (12:28 GMT)

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