NextEra Energy Exceeds Q2 Expectations; Reaffirms FY23 & FY24 Outlook
Portfolio Pulse from Lekha Gupta
NextEra Energy Inc reported Q2 2023 revenue of $7.35 billion, surpassing the street estimate of $6.23 billion. Adjusted EPS of $0.88 also beat the consensus of $0.82. The company reaffirmed its outlook for 2023 and 2024, and expects adjusted EPS to grow 6% to 8% for 2025 and 2026. Despite the positive earnings report, NEE shares are trading lower by 0.68% at $74.99.
July 25, 2023 | 4:54 pm
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NextEra Energy exceeded Q2 expectations and reaffirmed its future outlook, but its stock price fell by 0.68%.
NextEra Energy's strong Q2 performance and positive future outlook would typically be expected to boost its stock price. However, the stock price fell by 0.68%, possibly due to other market factors or investor sentiment not reflected in the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100