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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Entergy Corp | NYSE:ETR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.04 | 0.04% | 107.21 | 107.30 | 105.855 | 106.53 | 250,386 | 16:54:47 |
By Ezequiel Minaya
Entergy Corp. swung to a fourth-quarter loss after posting impairment charges in its wholesale commodities unit, but the company's adjusted earnings were stronger than expected.
Entergy reported a quarterly loss of $1.77 billion, or $9.88 a share, compared with a profit of $99.6 million, or 56 cents a share. On an adjusted basis, earnings slipped to 31 cents a share from $1.58 a year ago.
Analysts surveyed by FactSet expected adjusted earnings of 12 cents a share.
The company said its revenue from utilities was $1.42 billion, up from $1.81 billion in the year-earlier quarter.
For the current year, the company said it expects operational earnings of $4.75 to $5.35 a share and an adjusted profit of $4.25 to $4.55 a share. Analysts surveyed by Thomson Reuters expect adjusted earnings of $4.53.
Shares of Entergy were inactive premarket.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
February 15, 2017 08:44 ET (13:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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