Xcel Energy Inc posted an increase in their earnings for the fourth quarter compared to the previous year, although the figures fell short of Wall Street predictions. The company yielded a net income of $409 million, equating to $0.74 per share, which shows an increase from the $379 million, or $0.69 per share, reported in the fourth quarter of the prior year.
When excluding certain items, Xcel Energy Inc disclosed an adjusted earnings of $0.83 per share for this time period. Financial analysts had projected the company to earn an average of $0.85 per share, as per data collated by Thomson Reuters. These estimates usually exclude extraordinary items.
In terms of revenue, the company saw a substantial drop by 15.1%, with the figures for this quarter standing at $3.44 billion, a decrease from last year's $4.05 billion.
Looking at the earnings of Xcel Energy Inc at a glance, the GAAP outlined the following:
- Earnings for Q4: $409 million, compared to $379 million of last year.
- Earnings per share for Q4: $0.74, compared to $0.69 of last year.
- Analyst Estimate: $0.85.
- Revenue for Q4: $3.44 billion, compared to $4.05 billion of last year.
