NEW ORLEANS (dpa-AFX) - (Adds Outlook)
Entergy Corp (ETR) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $561 million, or $2.74 per share. This compares with $531 million, or $2.63 per share, in last year's third quarter.
Excluding items, Entergy Corp reported adjusted earnings of $580 million or $2.84 per share for the period.
Analysts on average had expected the company to earn $2.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Outlook:
Entergy narrowed its 2022 adjusted EPS guidance to a range of $6.25-$6.45 from $6.15-$6.45 provided earlier. The consensus estimate stands at $6.38.
Entergy Corp earnings at a glance (GAAP) :
-Earnings (Q3): $561 Mln. vs. $531 Mln. last year. -EPS (Q3): $2.74 vs. $2.63 last year. -Analyst Estimate: $2.66
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