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Entergy 4Q results top Wall Street's view

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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.

Topics: Earns-Entergy

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