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NextEra: 4Q Earnings Snapshot

January 24, 2020 GMT

JUNO BEACH, Fla. (AP) _ NextEra Energy Inc. (NEE) on Friday reported fourth-quarter profit of $975 million.

On a per-share basis, the Juno Beach, Florida-based company said it had net income of $1.99. Earnings, adjusted for non-recurring gains, were $1.44 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.

The parent company of Florida Power & Light Co. posted revenue of $4.59 billion in the period.

For the year, the company reported profit of $3.77 billion, or $7.76 per share. Revenue was reported as $19.2 billion.

NextEra expects full-year earnings in the range of $8.70 to $9.20 per share.

NextEra shares have climbed slightly more than 7% since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 3%. The stock has risen 45% in the last 12 months.

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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