NEW ORLEANS — Entergy Corp. reported net income of $161.4 million for the first quarter on Thursday in contrast to a loss a year ago, helped by higher utility revenue.
Hefty one-time costs had weighed down its year-ago results.The electric power company’s profit amounted to 90 cents per share for the three months ended March 31. It lost $151.7 million, or 86 cents per share, in the same quarter of 2012.
Excluding one-time items, the company’s adjusted profit was 94 cents per share. That beat Wall Street predictions. Analysts, on average, expected earnings of 81 cents per share, according to FactSet.