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Entergy 3rd-Qtr Profit Falls 3 Percent

 Ashley Blackstone     4 months ago
Power provider Entergy Corp. said falling sales and higher expenses at its utility and parent segment drove down third-quarter earnings, but healthy revenues at its nuclear segment helped strengthen results.
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The New Orleans-based company said its third-quarter profit fell 3 percent.

Entergy reported a drop in quarterly earnings to $455.2 million, or $2.32 per share, compared with $470.3 million, or $2.41 per share during the same period last year.

Analysts polled by Thomson Reuters estimated a profit of $2.48 per share, on average.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


   

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