Entergy Predicts 3Q Profit Drop, Holds '09 Outlook
Stock quotes in this article:
ETR
NEW ORLEANS (AP) Power provider Entergy Corp. on Thursday affirmed its full-year profit outlook, but predicted a 4 percent decline in third-quarter earnings, driven by higher taxes and increased operation and maintenance expenses in its Utility, Parent and Other segment.
The company forecast a quarterly profit of $2.31 per share, compared with $2.41 per share in the same period last year. Analysts polled by Thomson Reuters estimated a profit of $2.55 per share, on average. For the full year, Entergy held to its previous profit forecast between $6 per share and $6.60 per share. Analysts expect earnings for the year of $6.52 per share, on average. Entergy expects to report earnings Oct. 22. Shares of the company closed at $78.82 on Wednesday.- Loading Comments...
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