Published on 24 Apr 2024 on Zacks via Yahoo Finance
Entergy's (ETR) Q1 Earnings Lag Estimates, Revenues Drop Y/Y
Entergy Corporation ETR reported first-quarter 2024 adjusted earnings of $1.08 per share, which missed the Zacks Consensus Estimate of $1.44 per share by 25%. The bottom line also came in lower than the company’s prior-year quarter’s reported earnings of $1.14 per share by 5.3%.The company reported GAAP earnings per share of 35 cents, down significantly from the year-ago quarter’s level of $1.47 per share.
Q1 Revenues
Entergy reported revenues of $2.79 billion, which missed the Zacks Consensus Estimate of $3.18 billion by 12%. The figure also declined 6.3% from the $2.98 billion reported in the year-ago quarter due to lower revenues from all of its segments.