FPL Group Q1 net sags 40.2% to $150 mil with $126 mil 'MTM' impact at FPL Energy

摘要

FPL Group's first-quarter net income sagged 40.2% to $150 million, mainly on a $126 million (after-tax) loss from "mark-to-market" impacts at FPL Energy, compared to a $23 million gain a year before. Without MTM in either year, Group net would have been up 19.5% to a first-quarter record $276 million. Total revenue fell 14.2% to $3.07 billion. Diluted earnings per share dropped from 64 cents to 38 cents, on 400 million average shares, up 1.8% (basic EPS were not given in the April 30 press release).