NEW ORLEANS (AP) — Entergy Corp. said its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts' expectations.

Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06.

Net income fell to $239.9 million, or $1.34 per share, compared with $337.1 million, or $1.89 per share, a year earlier.

Revenue grew 13 percent to $3.35 billion from $2.93 billion.

Analysts surveyed by FactSet expected adjusted earnings of $2.18 per share on revenue of $3.14 billion.

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