NextEra Energy Shares Rise 5.6% After 3Q Revenue Tops Estimates
October 24 2023 - 12:20PM
Dow Jones News
By Ben Glickman
Shares of NextEra Energy rose on Tuesday after the company
reported third-quarter adjusted earnings that topped Wall Street's
estimates.
The stock was up 5.6% to $54.42 in late morning trading, and the
shares are down 35% this year.
The Juno Beach, Fla.-based utility and renewable-energy
company's profit fell in the third quarter and missed estimates.
But adjusting for items such as nonqualified hedges and investment
value changes, NextEra posted an adjusted profit of 94 cents, ahead
of the 89 cents expected by analysts polled by FactSet.
The company backed its outlook for the remainder of the year and
for 2024.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 24, 2023 12:05 ET (16:05 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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