Entergy reports improvement in quarterly earnings

by MBJ Staff

Published: July 19,2011

Tags: earnings, electricity, energy, publicly traded company, utilities

NEW ORLEANS — Entergy Corporation expects second quarter 2011 as-reported and operational earnings of approximately $1.75 per share.

Results for second quarter 2010 were $1.65 per share on an as-reported basis and $1.71 per share on an operational basis. Entergy also affirmed its previously issued earnings guidance for 2011.

Entergy reports the second quarter 2011 earnings improvement was due to higher earnings at Utility and Parent & Other, partially offset by lower results at Entergy Wholesale Commodities.

Second quarter 2011 earnings also reflect accretion from Entergy’s share repurchase programs.

Source: Entergy

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