Entergy earnings dip, 2009 guidance reaffirmed
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Entergy Corp. reported third-quarter earnings of $460.2 million, or $2.32 per share, down from $475.3 million, or $2.41 per share, a year earlier.
The company’s earnings fell short of the $2.48 per share projected by analysts surveyed by Thomson Financial Network.
The company’s earnings were slowed by the economy, which resulted in lower demand from industrial customers, particularly among chemical and primary metals industries, according to Entergy. The company also had higher income tax expenses for the quarter.
Entergy reaffirmed its 2009 earnings guidance in the range of $6 to $6.60 per share. Stock analysts project earnings of $6.46 per share.
Entergy shares were up 16 cents to $80.75 in early trading.
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