NEW ORLEANS (AP) _ Entergy Corp. (ETR) on Wednesday reported a fourth-quarter loss of $1.77 billion, after reporting a profit in the same period a year earlier.
The New Orleans-based company said it had a loss of $9.88 per share. Earnings, adjusted for non-recurring costs, were 31 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The power company posted revenue of $2.65 billion in the period.
For the year, the company reported that its loss widened to $564.5 million, or $3.26 per share. Revenue was reported as $10.85 billion.
Entergy expects full-year earnings in the range of $4.75 to $5.35 per share.
Entergy shares have decreased almost 4 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 4 percent. The stock has risen slightly 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
Keywords: Entergy, Earnings Report