NEW ORLEANS (AP) _ Entergy Corp. (ETR) on Monday reported first-quarter earnings of $123.3 million.
On a per-share basis, the New Orleans-based company said it had profit of 59 cents. Earnings, adjusted for non-recurring costs, were $1.14 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The power company posted revenue of $2.43 billion in the period.
Entergy expects full-year earnings in the range of $5.45 to $5.75 per share.
Entergy shares have dropped 21% since the beginning of the year, while the Standard & Poor's 500 index has declined slightly more than 9%. The stock has risen almost 1% in the last 12 months.