NEW ORLEANS -- Power provider Entergy Corp. posted a 16% drop in second-quarter profit Tuesday, as demand for electricity decreased, and lowered its full-year earnings guidance.
For the three months ending June 30, Entergy earned $226.8 million, or $1.14 per share, on revenue of $2.52 billion. In the year-ago second quarter, Entergy earned $271 million, or $1.37 per share, on revenue of $3.26 billion.
The results fell short of Wall Street forecasts. Analysts polled by Thomson Reuters, on average, had expected per-share earnings of $1.26 and revenue of $3.06 billion.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.