FX.co ★ Xcel Energy Inc Q4 Profit Increases, but misses estimates

Xcel Energy Inc posted an increase in their earnings for the fourth quarter compared to the previous year, although the figures fell short of Wall Street predictions. The company yielded a net income of $409 million, equating to $0.74 per share, which shows an increase from the $379 million, or $0.69 per share, reported in the fourth quarter of the prior year.

When excluding certain items, Xcel Energy Inc disclosed an adjusted earnings of $0.83 per share for this time period. Financial analysts had projected the company to earn an average of $0.85 per share, as per data collated by Thomson Reuters. These estimates usually exclude extraordinary items.

In terms of revenue, the company saw a substantial drop by 15.1%, with the figures for this quarter standing at $3.44 billion, a decrease from last year's $4.05 billion.

Looking at the earnings of Xcel Energy Inc at a glance, the GAAP outlined the following:

- Earnings for Q4: $409 million, compared to $379 million of last year.

- Earnings per share for Q4: $0.74, compared to $0.69 of last year.

- Analyst Estimate: $0.85.

- Revenue for Q4: $3.44 billion, compared to $4.05 billion of last year.