Entergy Corporation ETR reported second-quarter 2018 adjusted earnings of $1.79 per share, which surpassed the Zacks Consensus Estimate of $1.26 by 42.1%. However, the reported figure declined 42.4% from $3.11 in the year-ago quarter.Excluding a one-time tax benefit of 31 cents, the company’s GAAP earnings came in at $1.34 per share compared with $2.27 a year ago.RevenuesIn the quarter under review, revenues totaled $2.67 billion, which exceeded the Zacks Consensus Estimate of $2.55 billion by 4.5%. The top-line figure reflected year-over-year growth of 1.9% from $2.62 billion in the first quarter. The upside was driven by higher sales volume.Entergy Corporation Price, Consensus and EPS Surprise Entergy Corporation Price, Consensus and EPS Surprise | Entergy Corporation QuoteSegment ResultsUtility: The segment’s quarterly adjusted earnings were $2.05 per share compared with $1.35 in the prior-year quarter.Parent & Other: The segment incurred adjusted loss of 40 cents per share compared with 32 cents of loss in the prior-year quarter.Entergy Wholesale Commodities (EWC): The segment reported adjusted earnings of 14 cents per share compared with $2.08 in the year-ago quarter.Highlights of the Release Interest expenses were $154.6 million in second-quarter 2018, up 6.4% from $145.2 million in the prior-year quarter.In the reported quarter, total retail customers served by the company increased 0.5% to 2.9 million.Financial HighlightsAs of Jun 30, 2018, Entergy had cash and cash equivalents of $812.8 million compared with $781 million as of Dec 31, 2017.At the end of second quarter, the company generated cash from operating activities of $522.5 million, up from $290.3 million in the prior-year quarter.GuidanceFor 2018, Entergy reaffirmed its operational earnings guidance in the band of $6.25-$6.85 per share.The Utility, Parent & Other adjusted earnings are also expected to be in the range of $4.50-$4.90 per share.Zacks RankEntergy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesNextEra Energy, Inc. NEE reported second-quarter 2018 adjusted earnings of $2.11 per share, which outpaced the Zacks Consensus Estimate of $2.07 by 1.93%. Earnings were up 13.4% on a year-over-year basis.CMS Energy Corporation CMS reported second-quarter 2018 adjusted earnings per share of 48 cents.DTE Energy DTE reported second-quarter 2018 operating earnings per share of $1.36, which surpassed the Zacks Consensus Estimate of $1.11 by 22.5%.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CMS Energy Corporation (CMS): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Entergy Corporation (ETR): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research