UPDATE: Entergy Reports Upbeat Q2 Earnings

Entergy Corp ETR reported upbeat second-quarter earnings on Tuesday. Entergy's quarterly earnings rose to $315.6 million, or $1.76 per share, from 315.3 million, or $1.65 per share, in the year-earlier period. Its revenue dropped 2% y/y to $2.8 billion. However, analysts were expecting earnings of $1.65 per share on revenue of $2.9 billion. Entergy affirmed its 2011 earnings forecast in the range of $6.35 to $6.85 per share. Entergy shares dropped 0.06% to $66.37 in after-hours trading.