Global energy company
reiterated its second-quarter guidance, saying its results will exceed the current consensus estimate.
The company expects to earn at least $1.15 a share in operating earnings in the quarter, excluding a special charge of 10 cents to 15 cents a share from remaining restructuring charges, in line with its prior forecast and ahead of Wall Street's expectations of $1.11 a share, according to Thomson Financial/First Call.
For the year, Entergy reaffirmed its previous outlook of operating earnings of $3.40 to $3.60 a share, compared to the consensus estimate of $3.53.
Entergy said its new guidance includes the impact of weather, which was near normal during the quarter. The company's utility division is expected to see higher sales volumes in the quarter due to a firming economy, while the nuclear segment will benefit from the absence of refueling outages. However, the company's commodity business is expected to show lower results than in the year ago quarter.
Shares of Entergy closed up about 1% to $41.98 on Friday before the guidance.