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NextEra Energy Q3 adjusted earnings beat Street estimates by wide margin

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NextEra Energy Q3 adjusted earnings beat Street estimates by wide margin

NextEra Energy Inc. on Oct. 22 announced adjusted earnings of $1.16 billion, or $2.39 per share, in the third quarter, improving from $1.04 billion, or $2.17 per share, in the prior-year quarter.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was $2.29.

Net income attributable to the company was $879.0 million, or $1.81 per share, down from $1.01 billion, or $2.10 per share, a year earlier.

Operating revenues were $5.57 billion, up from $4.42 billion in the third quarter of 2018. The company also reported operating income of $1.59 billion, up from $968.0 million a year earlier.

NextEra Energy continues to expect adjusted EPS to be at or near the top of its previously disclosed compound annual growth rate of 6% to 8%, off the 2018 base of $7.70 per share, which, if achieved, would result in adjusted EPS of $8.32.