Entergy Misses 4Q Profit Forecasts

NEW ORLEANS (AP) — Entergy Corp. (ETR) on Thursday reported a fourth-quarter profit of $125 million.

         The New Orleans-based company said it had a net income of 66 cents per share. Earnings, adjusted for non-recurring costs, were 75 cents per share.

         The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

         The power company posted revenue of $2.83 billion in the period, which topped Street forecasts. Analysts expected $2.54 billion, according to Zacks.

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

         Entergy shares have decreased slightly since the beginning of the year, while the Standard & Poor's 500 index has declined roughly 1 percent. The stock has increased 40 percent in the last 12 months.

 

 

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