Investing.com - Entergy (NYSE:ETR) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Entergy announced earnings per share of $1.14 on revenue of $2.43B. Analysts polled by Investing.com anticipated EPS of $0.92 on revenue of $2.37B. That with comparison to EPS of $0.82 on revenue of $2.39B in the same period a year before.Entergy had reported EPS of $0.68 on revenue of $1.6B in the previous quarter.Analysts are expecting EPS of $1.29 and revenue of $2.64B in the upcoming quarter.
Entergy shares are down 20% from the beginning of the year and are trading at $95.01 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.7% year to date.
Entergy follows other major Utilities sector earnings this month
Entergy's report follows an earnings beat by NextEra Energy on Wednesday, April 22, 2020, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Dominion Energy had matched expectations on Tuesday, May 5, 2020 with first quarter EPS of $1.09 on revenue of $4.5B, compared to forecast for EPS of $1.09 on revenue of $4.72B.
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