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Entergy Q3 Net Earnings Down
Monday, October 26, 2009 10:53 AM


(Source: Datamonitor)trackingUS-based power utility Entergy has reported net earnings of $455.2 million, or $2.32 per diluted share, for the third quarter of 2009, compared to $470.3 million, or $2.41 per diluted share, for the same period of 2008.

The company has reported total operating revenues of $2.94 billion for the third quarter of 2009, compared to $3.96 billion for the same quarter of 2008.

Entergy has reported net earnings of $917.32 million, or $4.66 per diluted share, for the first nine months of 2009, compared to $1.05 billion, or $5.33 per diluted share, for the corresponding period of 2008.

Year-to-date total operating revenues were $8.25 billion, compared to $10.09 billion for the first nine months of 2008.

Wayne Leonard, chairman and CEO of Entergy, said: "While we continue to experience the negative effects of the slowed economic recovery, we are also seeing the positive benefits from progress in key initiatives in both our utility and non-utility nuclear businesses.

"We are focused on constantly recalibrating our point of view as markets and government policies react to the financial crisis, managing our own risks and executing as opportunities arise."

A service of YellowBrix, Inc.



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