Power provider Entergy Corp. said falling sales and higher expenses at its utility and parent segment drove down third-quarter earnings, but healthy revenues at its nuclear segment helped strengthen results. The New Orleans-based company said its third-quarter profit fell 3%. Entergy reported a drop in quarterly earnings to $455.2 million, or $2.32 per share, compared with $470.3 million, or $2.41 per share during the same period last year. Analysts polled by Thomson Reuters estimated a profit of $2.48 per share, on average.
Entergy’s third-quarter profit falls 3%
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