Investing.com - NextEra Energy (NYSE:NEE) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.39 on revenue of $5.57B. Analysts polled by Investing.com expected EPS of $2.26 on revenue of $5.15B. That compared to EPS of $2.18 on revenue of $4.42B in the same period a year earlier. The company had reported EPS of $2.35 on revenue of $4.97B in the previous quarter.
For the year, NextEra Energy shares are up 33.93%, outperforming the S&P 500 which is up 21.39% year to date.
NextEra Energy follows other major Utilities sector earnings this month
On Wednesday, October 16, 2019, Kinder Morgan reported third quarter EPS of $0.22 on revenue of $3.21B, compared to forecasts of EPS of $0.24 on revenue of $3.47B.
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