Investing.com - Entergy reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Entergy announced earnings per share of $1.47 on revenue of $2.60B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $2.48B.
Entergy shares are up 6% from the beginning of the year and are trading at $106.54 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.47% 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 April 21, who reported EPS of $0.67 on revenue of $3.73B, compared to forecasts EPS of $0.6097 on revenue of $4.87B.
American Electric Power had missed expectations on April 22 with first quarter EPS of $1.15 on revenue of $4.3B, compared to forecast for EPS of $1.17 on revenue of $4.26B.
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