NEW ORLEANS (AP) _ Entergy Corp. (ETR) on Wednesday reported first-quarter profit of $258.6 million.
The New Orleans-based company said it had net income of $1.32 per share. Earnings, adjusted for non-recurring gains, came to 82 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The power company posted revenue of $2.61 billion in the period.
Entergy expects full-year earnings in the range of $5.10 to $5.50 per share.
Entergy shares have risen 13% since the beginning of the year, while the Standard & Poor's 500 index has risen 18%. The stock has climbed 19% 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 https://www.zacks.com/ap/ETR