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

MarketsAssociated Press

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.

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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.


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