Investing.com - Entergy reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Entergy announced earnings per share of $0.71 on revenue of $2.37B. Analysts polled by Investing.com anticipated EPS of $0.6702 on revenue of $2.8B.
Entergy shares are down 8% from the beginning of the year and are trading at $91.16 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3.34% from the start of the year.
Entergy follows other major Utilities sector earnings this month
Entergy's report follows an earnings beat by NextEra Energy on January 26, who reported EPS of $0.4 on revenue of $4.4B, compared to forecasts EPS of $0.3818 on revenue of $5.56B.
Enbridge had missed expectations on February 12 with fourth quarter EPS of $0.4407 on revenue of $7.41B, compared to forecast for EPS of $0.4644 on revenue of $9.63B.
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