Entergy boosts 2Q profit on more power usage - KAIT Jonesboro, AR - Region 8 News, weather, sports

Entergy boosts 2Q profit on more power usage

NEW ORLEANS (AP) - Power provider Entergy Corp. boosted its second-quarter profit by 39% as consumers lowered their thermostats and industrial activity picked up.

For the April-through-June period, Entergy earned $315.3 million, or $1.65 per share, compared with year-ago earnings in the second quarter of $226.8 million, or $1.14 per share. Revenue jumped 13.6% to $2.86 billion from $2.52 billion a year ago.

The results beat Wall Street forecasts. Analysts surveyed by Thomson Reuters, on average, had forecast per-share earnings of $1.62 and revenue of $2.85 billion.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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