Energy infrastructure company NextEra Energy Inc. (NYSE: NEE) reported financial results for the first quarter of 2023. The company also provided financial guidance.
- First-quarter net income was $2.09 billion or $1.04 per share, compared to a loss of $451 million or $0.23 per share last year
- On an adjusted basis, net income increased to $1.68 billion or $0.84 per share from $1.46 billion or $0.74 per share
- Operating revenue more than doubled to $6.72 billion in Q1 2023 from $2.89 billion in the same period of 2022
- For fiscal 2023 and 2024, the company expects adjusted EPS to be in the ranges of $2.98-$3.13 and $3.23-$3.43, respectively
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company