NEW ORLEANS (AP) _ Entergy Corp. (ETR) on Wednesday reported a loss of $62.3 million in its fourth quarter.
The New Orleans-based company said it had a loss of 36 cents per share. Earnings, adjusted for non-recurring costs, were 60 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The power company posted revenue of $2.51 billion in the period.
For the year, the company reported profit of $862.6 million, or $4.63 per share. Revenue was reported as $11.01 billion.
Entergy expects full-year earnings in the range of $5.10 to $5.50 per share.
Entergy shares have climbed almost 5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. The stock has risen 17 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 https://www.zacks.com/ap/ETR