NextEra Energy, Inc. (NYSE:NEE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are flat.
NextEra Energy, Inc. Earnings Cheat Sheet
Results: Net income decreased -35.08% to $433 million ($1.03 per diluted share) in the quarter versus a net gain of $667 million in the year-earlier quarter.
Revenue: Decreased 12.55% to $3.38 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: NextEra Energy, Inc. reported adjusted net income of $1.03 per share. By that measure, the company beat the mean analyst estimate of $0.95. It missed the average revenue estimate of $4.6 billion.