Entergy: 3Q Earnings Snapshot
NEW ORLEANS (AP) _ Entergy Corp. (ETR) on Wednesday reported third-quarter profit of $369.5 million.
On a per-share basis, the New Orleans-based company said it had net income of $1.82. Earnings, adjusted for non-recurring costs, were $2.52 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share.
The power company posted revenue of $3.14 billion in the period.
Entergy expects full-year earnings in the range of $5.25 to $5.45 per share.
Entergy shares have climbed 38% since the beginning of the year, while the Standard & Poor’s 500 index has risen 21%. The stock has increased 41% in the last 12 months.