UPDATE: Entergy Posts Upbeat Q4 Earnings

Entergy ETR reported a 50% drop in its fourth-quarter earnings. Entergy's quarterly profit declined to $151.4 million, from $301.9 million, in the year-ago period. On a per-share basis, its earnings slipped to $0.82 from $1.66. Excluding special items, its adjusted earnings dropped to $1 versus $1.72. However, analysts were expecting earnings of $0.81 per share. Its revenue rose 10% to $2.69 billion, versus analysts' estimates of $2.49 billion. ETREntergy shares gained 1.57% to $64.56 in pre-market trading.