Investing.com - Entergy (NYSE:ETR) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Entergy announced earnings per share of $1.78 on revenue of $2.81B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $2.84B.
Entergy shares are up 2% from the beginning of the year, still down 8.93% from its 52 week high of $126.82 set on April 21. They are outperforming the S&P 500 which is down 13.04% from the start of the year.
Entergy shares gained 0.33% in intra-day trade following the report.
Entergy follows other major Utilities sector earnings this month
Entergy's report follows an earnings beat by NextEra Energy on July 22, who reported EPS of $0.81 on revenue of $5.18B, compared to forecasts EPS of $0.7598 on revenue of $5.35B.
Southern had beat expectations on July 28 with second quarter EPS of $1.07 on revenue of $7.21B, compared to forecast for EPS of $0.8406 on revenue of $5.44B.
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