Investing.com - NextEra Energy (NYSE:NEE) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NextEra Energy announced earnings per share of $2.38 on revenue of $4.61B. Analysts polled by Investing.com anticipated EPS of $2.16 on revenue of $4.62B. That with comparison to EPS of $2.2 on revenue of $4.08B in the same period a year before. NextEra Energy had reported EPS of $1.44 on revenue of $4.59B in the previous quarter. Analysts are expecting EPS of $2.49 and revenue of $5.17B in the upcoming quarter.
NextEra Energy shares are down 2.78% from the beginning of the year , still down 16.92% from its 52 week high of $283.35 set on February 18. They are outperforming the S&P 500 which is down 15.66% year to date.
NextEra Energy shares gained 0.68% in pre-market trade following the report.
NextEra Energy follows other major Utilities sector earnings this month
NextEra Energy's report follows an earnings beat by Sabesp ADR on March 27, who reported EPS of $0.39 on revenue of $783.2M, compared to forecasts EPS of $0.22 on revenue of $874.03M.
PNM Resources had beat expectations on April 13 with first quarter EPS of $0.18 on revenue of $333.62M, compared to forecast for EPS of $0.17 on revenue of $193.55M.
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