The New Orleans-based power company said it expects to make $1.86 a share for the quarter, $1.83 on an operating basis. That's up from $1.65 a share last year, $1.68 on an operating basis. Analysts surveyed by Thomson Financial were looking for $1.70.
Entergy said earnings slipped at its utility, parent and other segments as a result of higher operation and maintenance expense, higher interest expense and lower interest income.
Earnings at its nuclear unit rose due to higher energy pricing, a power uprate and fewer outage days, and a reduction in the decommissioning liability to reflect changes in assumptions on probability of life extension.
Entergy affirmed previously issued as-reported earnings guidance for 2006 to be in the range of $4.78 to $5.08 per share, and operational earnings guidance in the range of $4.50 to $4.80 per share. Entergy plans to issue 2007 earnings guidance as part of its third quarter 2006 earnings release.