NextEra Energy Swings to 4Q Profit, Misses Analysts' Forecasts

By Kimberly Chin

NextEra Energy Inc. swung to a profit for the fourth quarter on higher revenue but it missed analysts' top-line estimates, sending shares tumbling 3.1% in premarket trading to $79.42.

The energy company posted a net profit attributable to the company of $1.2 billion, compared with a loss of $5 million in the year-earlier period. Earnings were 61 cents on a per-share basis and 41 cents as adjusted. Analysts polled by FactSet were expecting 39 cents an adjusted share.

Operating revenues were $5.05 billion, up from $4.4 billion in the prior year. Analysts were expecting $6.25 billion.

Net operating expenses were $3.75 billion, compared with $3.53 billion in the year-ago quarter.

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

(END) Dow Jones Newswires

January 25, 2022 08:13 ET (13:13 GMT)

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