Earlier this month, FPL and New Orleans-based Entergy publicly abandoned plans announced last July to create what would have become one of the largest U.S. producers of electricity. Neither company gave specific reasons why the proposal failed, but the two companies disclosed in prior shareholder reports the talks hit an obstacle over governance structure and value-related issues.
News of the earnings estimate sent FPL stock up $1.45 by 10:49 a.m. this morning at $61.45 each on volume of 267,600 during trading on the New York Stock Exchange. The company just missed the market forecast by less than a half cent, or 63 cents per share, for the fourth quarter ended Dec. 31.
The company expects to announce first-quarter earnings results April 20 during an Internet broadcast via www.vcall.com.
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