the republic logo

Entergy posts 1Q profit of $302.9 million, result tops expectations

bug
Share/Save/Bookmark

NEW ORLEANS — Entergy Corp. (ETR) on Tuesday reported first-quarter net income of $302.9 million.

The New Orleans-based company said it had profit of $1.65 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The power company posted revenue of $2.92 billion in the period.

Entergy expects full-year earnings in the range of $5.10 to $5.90 per share.

Entergy shares have decreased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2 percent. The stock has risen nearly 9 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETR at http://www.zacks.com/ap/ETR

_____

Keywords: Entergy, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.