Entergy: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 06:42 AM ET
Last Updated - May 27, 2024, 01:08 AM EDT
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.
