Entergy: Q4 Earnings Snapshot

Associated Press Finance
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NEW ORLEANS (AP) — NEW ORLEANS (AP) — Entergy Corp. (ETR) on Thursday reported fourth-quarter profit of $988.3 million.

The New Orleans-based company said it had profit of $4.64 per share. Earnings, adjusted for non-recurring gains, were 52 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The power company posted revenue of $2.72 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $3.27 billion.

For the year, the company reported profit of $2.36 billion, or $11.10 per share. Revenue was reported as $12.15 billion.

Entergy expects full-year revenue in the range of $7.1 million to $7.4 million.

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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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