Earnings / Utilities
NextEra Energy Beats on Adjusted Profit but Misses on Revenue as a $3 Billion Hedge Gain Inflates the Headline Profit Number
Adjusted earnings rose 9.7% to $1.24 a share, topping the $1.18 consensus, while revenue of $8.09 billion missed estimates — and reported profit of $2.28 was lifted by a $3.005 billion hedge gain.