Entergy Sees Q2 EPS of $1.75 vs. $1.65-1.75 Year Ago

Entergy Corporation ETR today indicated that it 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. As-reported results are prepared in accordance with generally accepted accounting principles and are comprised of operational earnings (described below) and special items. The special items, reflected in second quarter 2010 as-reported results for Entergy Wholesale Commodities and Parent & Other, were associated with the previously planned spin-off of the non-utility nuclear business. Entergy affirmed previously issued as-reported and operational earnings guidance for 2011 to be in the range of $6.35 to $6.85 per share.