Oct 31 (Reuters) - Electric utility company Entergy ( ETR )
beat Wall Street estimates for third-quarter profit on
Thursday, as lower costs and higher service rates helped counter
the impact of unfavorable weather.
The company provides electricity services to nearly 3
million customers across Arkansas, Louisiana, Mississippi and
Texas.
Its service areas were impacted by the Hurricane Francine,
which made landfall in September, leaving tens of thousands of
customers without power.
Still, Entergy ( ETR ) posted an adjusted profit of $2.99 per share
in the third quarter, above analysts' average estimate of $2.97,
according to data compiled by LSEG.
Its total retail customers also rose about 1% over the year
earlier.
The company forecast its full-year adjusted profit to be
between $7.15 and $7.35 per share. Analysts were expecting $7.22
per share for 2024.