By Mackenzie Tatananni
NextEra Energy stock slid in premarket trading Friday as the renewable-energy company's revenue for the fourth quarter fell short of expectations.
The Florida-based company reported a profit of $1.2 billion for the quarter ended Dec. 31. Earnings of 53 cents a share were in line with analysts' expectations.
But NextEra also reported fourth-quarter revenue of $5.39 billion. The consensus call among eight analysts surveyed by FactSet was for $7.57 billion.
Shares of NextEra Energy were down 1.2% to $68.40 in premarket trading.
For the full year, NextEra Energy reported a profit of $6.95 billion. Earnings of $3.43 a share were roughly in line with the FactSet consensus of $3.42 a share. Full-year revenue of $24.75 billion missed Wall Street's call for $26.89 billion.
For 2025, the company anticipates earnings between $3.45 and $3.70 a share. Analysts expect $3.68.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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(END) Dow Jones Newswires
January 24, 2025 08:23 ET (13:23 GMT)
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