NextEra Energy (NYSE:NEE) reports 4Q16 Profit Up 3.4%


NextEra Energy (NYSE:NEE) reports 4Q16 Profit Up 3.4%

NextEra Energy (NYSE:NEE) a electric energy provider reported net income for the fourth quarter of $ 966.00 million or $ 2.06 per share, compared to income of $ 507.00 million or $ 1.10 per share for the year-ago quarter.
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The company reported fourth quarter adjusted earnings of $ 566.00 million or $ 1.21 per share.

The topline results for the fourth quarter decreased 9.09% to $ 3.70 billion from $ 4.07 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected NextEra Energy to earn $ 1.32 per share on revenue of $ 4.60 billion for the fourth quarter.

Jim Robo, chairman and CEO, said that our performance during 2016 was strong both financially and operationally, highlighted by outstanding execution on our initiatives all across the board.