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 $1.37 on revenue of $2.41B. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $2.7B.
Entergy shares are down 14% from the beginning of the year and are trading at $102.67 , down-from-52-week-high.They are under-performing the S&P 500 which is down 0.38% from the start of the year.
Entergy follows other major Utilities sector earnings this month
Entergy's report follows an earnings beat by NextEra Energy on Friday, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Enterprise Products Partners LP had missed expectations on Wednesday with second quarter EPS of $0.47 on revenue of $5.75B, compared to forecast for EPS of $0.48 on revenue of $7.51B.
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