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NextEra beats 1Q profit forecasts

JUNO BEACH, Fla. (AP) _ NextEra Energy Inc. (NEE) on Friday reported first-quarter earnings of $1.58 billion.

On a per-share basis, the Juno Beach, Florida-based company said it had profit of $3.37. Earnings, adjusted for non-recurring gains, came to $1.75 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.

The parent company of Florida Power & Light Co. posted revenue of $3.97 billion in the period.

NextEra expects full-year earnings in the range of $6.35 to $6.85 per share.

NextEra shares have climbed nearly 10 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5 percent. The stock has risen 13 percent in the last 12 months.


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


Keywords: NextEra Energy, Earnings Report