Entergy Corp. trimmed its loss on a GAAP basis, and on an adjusted basis, profit more than doubled in the fourth quarter of 2017. GAAP loss was $479.1 million or $2.66 per share compared to a loss of $1.769 billion or $9.88 per share in the prior-year quarter.
On a non-GAAP basis, earnings per share shot up to $0.76 from $0.31 in the year-ago period. Revenue dropped slightly by 1% to $2.62 billion in the final quarter of 2017.
Outlook
For 2018, Entergy expects earnings to range between $6.25 and $6.85 per share on an operational basis (non-GAAP) and Utility, Parent & Other adjusted earnings in the range of $4.50 to $4.90 per share.
