Posted: Feb 11, 2014 11:43 AM
Updated: Feb 11, 2014 11:43 AM
NEW ORLEANS (AP) Entergy Corp.'s fourth-quarter net income dropped 50 percent, hampered in part by some higher expenses and a comparison to year-ago results that included income tax benefits.
New Orleans-based Entergy on Tuesday reported, for the three months that ended Dec. 31, earning $146.9 million, or 82 cents per share. That compares with $296.3 million, or $1.66 per share, a year earlier for the utility.
Taking out certain items, earnings were $1 per share. Analysts predicted earnings of 83 cents per share, according to a FactSet poll.
Total operating expenses climbed to $2.51 billion from $2.11 billion. Interest expense increased to $163.1 million from $154.4 million.
Revenue rose 10 percent to $2.69 billion from $2.44 billion.