Entergy posts 2Q profit of $153.7 million, result misses forecasts

Entergy Corp. (ETR) on Tuesday reported second-quarter net income of $153.7 million.

On a per-share basis, the New Orleans-based company said it had profit of 83 cents.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The power company posted revenue of $2.71 billion in the period.

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

Entergy shares have declined 19 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2 percent. The stock has fallen 2.5 percent in the last 12 months.

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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

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Keywords: Entergy, Earnings Report