NextEra Energy Posts Q4 Earnings Beat, Misses Revenue Estimates
NextEra Energy Inc. (NEE) reported a fourth-quarter profit of $1.2 billion, surpassing Wall Street expectations. Adjusted earnings per share were 53 cents, exceeding analysts' estimates of 51 cents.
However, the Juno Beach, Fla.-based company missed revenue forecasts, with Q4 revenue reaching $5.39 billion, below the consensus estimate of $6.51 billion.
For the full year, NextEra reported earnings of $6.95 billion ($3.37 per share) on revenue of $24.75 billion.
The company expects full-year 2023 earnings in the range of $3.45 to $3.70 per share.