FX.co ★ NextEra Energy, Inc. Q1 Profit Increases, beats estimates

NextEra Energy, Inc. (NEE) has reported a rise in profit for the first quarter of the year, outperforming stock market expectations.

The firm's earnings were reported at $2.27 billion, or $1.10 per share, compared with $2.09 billion or $1.04 per share during the same period last year.

When taking one-off items into account, NextEra Energy, Inc. announced an adjusted profit of $1.87 billion, equating to $0.91 per share for the current quarter.

On average, analysts had predicted that the company would earn $0.73 per share. This forecast was collated by Thomson Reuters and typically excludes any special items.

However, the company's revenue for the quarter did see a drop, falling 14.7% from $6.72 billion last year to $5.73 billion this year.

Key figures for NextEra Energy, Inc. earnings (GAAP measurements) include:

- Earnings for Q1: $2.27 billion, compared to $2.09 billion last year.

- Earnings per Share (EPS) for Q1: $1.10, compared to $1.04 last year.

- Revenue for Q1: $5.73 billion, compared to $6.72 billion last year.

Looking to the future, the company's full-year EPS guidance stands between $3.23 and $3.43.