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MW: Entergy to fall short of earnings target
 
By Steve Gelsi

NEW YORK (MarketWatch) -- Entergy Corp. (ETR 74.86, -0.78, -1.03%) on Monday warned its second-quarter net income would fall below Wall Street estimates as the power company made planned and unplanned outages at its nuclear plants. The New Orleans firm also cited recognition of an impairment for decommissioning trust investments. Entergy expects second-quarter operating earnings of $1.22 a share, compared to the Wall Street estimate of $1.50 a share in a survey of analysts by FactSet Research. In the year-ago period, Entergy posted operating earnings of $1.46 a share. Entergy said it expects 2009 operating earnings of $6.20 to $6.80 per share, lower than its earlier view of $6.70 to $7.30 a share.
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