Entergy Corp Q3 Profit Increases, beats estimates

(RTTNews) - Entergy Corp (ETR) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $561 million, or $2.74 per share. This compares with $531 million, or $2.63 per share, in last year's third quarter.

Excluding items, Entergy Corp reported adjusted earnings of $580 million or $2.84 per share for the period.

Analysts on average had expected the company to earn $2.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Entergy Corp earnings at a glance (GAAP) :

-Earnings (Q3): $561 Mln. vs. $531 Mln. last year. -EPS (Q3): $2.74 vs. $2.63 last year. -Analyst Estimate: $2.66