NextEra Energy, Inc. (NEE) has announced its third-quarter financial results, showcasing an increase from the previous year and surpassing Wall Street expectations. The company reported earnings of $1.852 billion, or $0.90 per share, compared to last year's $1.219 billion, or $0.60 per share.
After adjusting for items, NextEra Energy posted earnings of $2.127 billion, or $1.03 per share, for the quarter. This exceeded the consensus estimate of $0.98 per share as determined by analysts surveyed by Thomson Reuters, who typically factor out special items in their forecasts.
The company's quarterly revenue also experienced a 5.5% growth, rising to $7.567 billion from $7.172 billion in the same period last year.
In summary of the quarter's financial highlights (in accordance with GAAP standards):
- Third-quarter earnings: $1.852 billion compared to $1.219 billion in the previous year.
- Third-quarter earnings per share (EPS): $0.90 versus $0.60 last year.
- Third-quarter revenue: $7.567 billion versus $7.172 billion in the prior year.
Looking ahead, NextEra Energy, Inc. has set its full-year earnings per share (EPS) guidance in the range of $3.23 to $3.43.
