Entergy lowers earnings expectations


Published: October 16,2009

Tags: earnings, utilities

NEW ORLEANS — Entergy Corporation expects third quarter 2009 as-reported earnings of approximately $2.31 per share and operational earnings of approximately $2.39 per share, compared to as-reported results of $2.41 per share and operational results of $2.50 per share in third quarter 2008.

As-reported earnings in third quarter 2009 will include a special item at Jackson-based Entergy Nuclear for spin-off dis-synergies. Utility, Parent & Other third quarter results in both 2008 and 2009 will include a special item for expenses for outside services to pursue the non-utility nuclear spin-off.

Entergy said the decrease in third quarter 2009 operational earnings is due primarily to lower results at Utility, Parent and Other, partially offset by increased earnings at Non-nuclear Wholesale Assets. Entergy Nuclear results were modestly higher compared to third quarter 2008.

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