NextEra Energy Q3 Trounces EPS Estimates

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NextEra Energy¬† (NYSE: NEE  ) shares got a jolt of energy following this morning's release of the company's Q3 results. For the quarter, revenues came in at $4.39 billion, an improvement over the $3.84 billion in the same period the previous year. Net income was $698 million ($1.64 per diluted share), against Q3 2012's $415 million ($0.98).

Analysts had been anticipating revenue of $4.42 billion, and EPS of $1.40.

The company updated its guidance for fiscal 2013, saying that adjusted EPS is expected to land at the upper end of the $4.70 to $5.00 range the company previously announced. It also proffered an adjusted EPS projection for 2014 of $5.05 to $5.45 per share. Further into the future, it believes full-year, adjusted per-share earnings will advance at a compound annual growth rate of 5% to 7% through 2016.

Following the announcement of the results, NextEra Energy's stock rose 4%, or $3.39, on the day to close at $88.14.

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Related Tickers

9/29/2016 2:46 PM
NEE $124.07 Down -2.41 -1.91%
NextEra Energy CAPS Rating: ***