NextEra Energy 4Q Profit, Revenue Rise

Date : 01/24/2020 @ 1:12PM
Source : Dow Jones News
Stock : NextEra Energy Inc (NEE)
Quote : 252.76  -3.09 (-1.21%) @ 10:15PM
After Hours
Last Trade
Last $ 252.76 ◊ 0.00 (0.00%)

NextEra Energy 4Q Profit, Revenue Rise

NextEra Energy (NYSE:NEE)
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2 Months : From Dec 2019 to Feb 2020

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   By Dave Sebastian 
 

NextEra Energy Inc. (NEE) posted higher fourth-quarter profit as revenue rose.

The utility company reported net income of $975 million, or $1.99 a share, compared with $422 million, or 88 cents a share, in the year-ago period. Adjusted earnings were $1.44 a share.

Analysts polled by FactSet were expecting $1.48 a share on an adjusted basis.

Revenue was $4.59 billion, compared with $4.39 billion in the prior year. Analysts were looking for $4.63 billion.

The company said it continues to expect adjusted earnings of $8.70 a share to $9.20 a share in 2020.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

January 24, 2020 07:57 ET (12:57 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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