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Entergy 1Q adjusted profit tops analysts' estimates

7 months 1 week 10 hours ago April 26, 2016 Apr 26, 2016 Tuesday, April 26 2016 April 26, 2016 11:12 AM in News
Source: Associated Press
By: APNewsNow

NEW ORLEANS - Entergy's first-quarter adjusted profit topped analysts' expectations and it reaffirmed its full-year profit outlook.

The power company earned $235.2 million, or $1.28 per share, for the quarter.

Earnings, adjusted for non-recurring costs, were $1.35 per share. That easily topped the $1.17 per share that analysts surveyed by Zacks Investment Research forecast.

Revenue totaled $2.61 billion in the period.

Entergy Corp. said Tuesday that it still expects full-year earnings in a range of $4.95 to $5.75 per share. Analysts predict earnings of $5.16 per share for the New Orleans-based company, according to a FactSet poll.

Its shares rose 30 cents to $74.59 in midday trading Tuesday. Its shares have fallen 5.5 percent since a year ago.

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