Investing.com - Entergy reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Entergy announced earnings per share of $2.44 on revenue of $2.9B. Analysts polled by Investing.com anticipated EPS of $2.41 on revenue of $3.42B.
Entergy shares are down 10% from the beginning of the year and are trading at $106.75 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.55% from the start of the year.
Entergy shares lost 0.75% in intra-day trade the report.
Entergy follows other major Utilities sector earnings this month
Entergy's report follows an earnings matched by American Electric Power on October 22, who reported EPS of $1.47 on revenue of $4.1B, compared to forecasts EPS of $1.47 on revenue of $4.4B.
Enterprise Products Partners LP had beat expectations on Wednesday with third quarter EPS of $0.51 on revenue of $6.92B, compared to forecast for EPS of $0.48 on revenue of $7.12B.
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