Entergy expects higher 4Q earnings - KPLC 7 News, Lake Charles, Louisiana

Entergy expects higher 4Q earnings

NEW ORLEANS (AP) - Power provider Entergy Corp. says that it expects fourth-quarter earnings to jump sharply on improved utility performance and easily exceed analysts' forecasts.

The company also reaffirmed its profit outlook for 2010.

New Orleans-based Entergy said it expects to report earnings of about $1.63 per share, compared with fourth-quarter earnings in 2008 of 89 cents per share. Analysts polled by Thomson Reuters, on average, have forecast per-share earnings of $1.40 for the latest quarter.

Entergy said it still expected 2010 profit to range between $6.15 and $6.95 per share. Thomson Reuters-surveyed analysts have forecast annual profit of $6.69 per share.

Entergy provides power through its subsidiary to Louisiana, Mississippi, Arkansas and Texas.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Powered by Frankly