Entergy Corporation (ETR) Posts Preliminary Q4 EPS Below Expectations, Reaffirms FY12 Guidance

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Revenue Growth %: -6.3%

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Entergy Corporation (NYSE: ETR) today indicated that it expects fourth quarter 2011 as-reported earnings of approximately $0.86 per share and operational earnings of approximately $0.93 per share, versus the consensus of $0.90. Results for fourth quarter 2010 were $1.26 per share on an as-reported basis and $1.30 per share on an operational basis. Entergy also affirmed its previously issued operational earnings guidance for 2012.

The decrease in fourth quarter 2011 earnings was driven by lower results at Parent & Other, which was partially offset by higher earnings at Utility and Entergy Wholesale Commodities. As indicated below, income tax is cited as a quarter-over-quarter variance explanation in each of the disclosure segments. On an overall company basis, the effective income tax rate in the fourth quarter 2011 exceeded the prior year period.

Entergy affirmed previously issued operational earnings guidance for 2012 to be in the range of $5.40 to $6.20 per share. Previously issued as-reported earnings guidance of $5.40 to $6.20 per share for 2012 does not reflect any potential future expenses for the special item noted above in connection with the proposed spin-merge of Entergy's transmission business. As-reported earnings guidance will be updated to reflect this special item as actual costs are incurred throughout 2012.

A teleconference will be held at 10 a.m. CT on Tuesday, Jan. 31, 2012, to discuss Entergy's fourth quarter 2011 earnings announcement, and may be accessed by dialing (719) 457-2080, confirmation code 6779942, no more than 15 minutes prior to the start of the call. The call and presentation slides can also be accessed via Entergy's website at www.entergy.com. A replay of the teleconference will be available for seven days thereafter by dialing (719) 457-0820, confirmation code 6779942.

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