NextEra: 4Q Earnings Snapshot

·1-min read

JUNO BEACH, Fla. (AP) _ NextEra Energy Inc. (NEE) on Tuesday reported a fourth-quarter loss of $5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Juno Beach, Florida-based company said it had a loss of less than 1 cent. Earnings, adjusted for non-recurring costs, were 40 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The parent company of Florida Power & Light Co. posted revenue of $4.39 billion in the period.

For the year, the company reported profit of $2.92 billion, or $1.48 per share. Revenue was reported as $18 billion.

NextEra expects full-year earnings in the range of $2.40 to $2.54 per share.

NextEra shares have climbed 13% since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 3%. The stock has climbed 34% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEE at https://www.zacks.com/ap/NEE