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Entergy misses 1Q profit forecasts

NEW ORLEANS (AP) _ Entergy Corp. (ETR) on Wednesday reported first-quarter earnings of $86.1 million.

The New Orleans-based company said it had net income of 46 cents per share. Earnings, adjusted for non-recurring costs, were 99 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The power company posted revenue of $2.59 billion in the period.

Entergy expects full-year earnings in the range of $4.75 to $5.35 per share.

Entergy shares have risen slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 7 percent. The stock has risen slightly more than 3 percent in the last 12 months.

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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

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Keywords: Entergy, Earnings Report