Entergy posts 1Q profit of $302.9 million, result tops expectations

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NEW ORLEANS — Entergy Corp. (ETR) on Tuesday reported first-quarter net income of $302.9 million.

The New Orleans-based company said it had profit of $1.65 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The power company posted revenue of $2.92 billion in the period.

Entergy expects full-year earnings in the range of $5.10 to $5.90 per share.

Entergy shares have decreased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2 percent. The stock has risen nearly 9 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 http://www.zacks.com/ap/ETR

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Keywords: Entergy, Earnings Report

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