NextEra Energy, Inc. Q4 Profit Increases, beats estimates

(RTTNews) – NextEra Energy, Inc. (NEE) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings came in at $1.52 billion, or $0.76 per share. This compares with $1.20 billion, or $0.61 per share, in last year’s fourth quarter.

Excluding items, NextEra Energy, Inc. reported adjusted earnings of $1.01 billion or $0.51 per share for the period.

Analysts on average had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 22.0% to $6.16 billion from $5.05 billion last year.

NextEra Energy, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $1.52 Bln. vs. $1.20 Bln. last year.
-EPS (Q4): $0.76 vs. $0.61 last year.
-Analyst Estimate: $0.50
-Revenue (Q4): $6.16 Bln vs. $5.05 Bln last year.