NextEra Energy Q3 Trounces EPS Estimates
Nov 1st 2013 8:30PM
Updated Nov 1st 2013 8:32PM
NextEra Energy 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.
The article NextEra Energy Q3 Trounces EPS Estimates originally appeared on Fool.com.Fool contributor Eric Volkman has no position in NextEra Energy. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.