NEW ORLEANS (AP) — NEW ORLEANS (AP) — Entergy Corp. (ETR) on Wednesday reported first-quarter net income of $76.5 million.
The New Orleans-based company said it had profit of 35 cents per share. Earnings, adjusted for non-recurring costs, came to $1.08 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The power company posted revenue of $2.79 billion in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $3.18 billion.
Entergy expects full-year earnings in the range of $7.05 to $7.35 per share.
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