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.
Most Popular
PepsiCo (PEP) expects snacks business to remain resilient in the near term
PepsiCo Inc. (NASDAQ: PEP) reported first quarter 2021 earnings results on Thursday that topped expectations on both the top and bottom lines. The stock has gained 7% in the past
For Wells Fargo (WFC), Q1 sets the stage for long-term recovery
Emerging from the slowdown caused by coronavirus, the financial services sector entered fiscal 2021 on a bright note, thanks to improving economic activity and the COVID-driven boom in stock trading.
Top 3 Artificial Intelligence stocks you may consider in 2021
Artificial Intelligence has become an integral part of the US economy. According to the analyst’s insights, AI market revenue in 2020 was $25.9 billion. The AI market in the North
