ETR Entergy Corp

   By Ezequiel Minaya 
 

Entergy Corp. swung to a fourth-quarter loss after posting impairment charges in its wholesale commodities unit, but the company's adjusted earnings were stronger than expected.

Entergy reported a quarterly loss of $1.77 billion, or $9.88 a share, compared with a profit of $99.6 million, or 56 cents a share. On an adjusted basis, earnings slipped to 31 cents a share from $1.58 a year ago.

Analysts surveyed by FactSet expected adjusted earnings of 12 cents a share.

The company said its revenue from utilities was $1.42 billion, up from $1.81 billion in the year-earlier quarter.

For the current year, the company said it expects operational earnings of $4.75 to $5.35 a share and an adjusted profit of $4.25 to $4.55 a share. Analysts surveyed by Thomson Reuters expect adjusted earnings of $4.53.

Shares of Entergy were inactive premarket.

Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com

(END) Dow Jones Newswires

February 15, 2017 08:44 ET (13:44 GMT)

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