Entergy profit will fall by half - KNOE 8 News; KNOE-TV; KNOE.com |

Entergy profit will fall by half

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NEW ORLEANS (AP) - Entergy Corp. said that it expects its second-quarter earnings to be less than half of what they were a year earlier, because of a one-time tax benefit last year, and higher operating and maintenance expenses this year.

The company said it expects to earn 91 cents per share, with operating earnings of $1 per share. Analysts surveyed by FactSet had been expecting a profit of $1.29 per share.

Entergy said that during last year's second quarter, it had lower tax expenses because of an agreement with the Internal Revenue Service regarding storm cost financing in Louisiana.

 

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