NextEra Energy's Shares Surge After Q3 Results Surpasses Estimates

Grand News Network | October 24, 2023

NextEra Energy Inc (NYSE: NEE) reported third-quarter FY23 revenue increased by 6.7% year-over-year to $7.17 billion, beating the estimate of $7.09 billion.

Adjusted EPS of $0.94 (+10.6% Y/Y), surpassed the consensus of $0.88.

Operating income declined 1.4% Y/Y to $1.84 billion, and the margin contracted by 211 bps to 25.6%.

The company's Florida Power & Light Company net income was $1.18 million, compared to $1.07 million in the third quarter of 2022, driven by continued investment in the business.

Next Energy Resources adjusted earnings ...

Full story available on Benzinga.com

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