Markets
U.S. open in 15 hrs, 41 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Entergy predicts 3Q profit drop, holds '09 outlook
AP
NEW ORLEANS -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.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-10-15 09:11:08
COMMENTS ( 0 )