Entergy: 2Q Earnings Snapshot
NEW ORLEANS (AP) _ Entergy Corp. (ETR) on Wednesday reported second-quarter earnings of $240.5 million.
On a per-share basis, the New Orleans-based company said it had profit of $1.22. Earnings, adjusted for non-recurring costs, were $1.35 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The power company posted revenue of $2.67 billion in the period.
Entergy expects full-year earnings in the range of $5.15 to $5.45 per share.
Entergy shares have increased 21% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has increased 29% in the last 12 months.