Entergy (NYSE: ETR) reported Q2 EPS of $3.11, $1.91 better than the analyst estimate of $1.20. Revenue for the quarter came in at $0 versus the consensus estimate of $2.67 billion.

Earnings Guidance

Entergy updated its 2017 operational earnings guidance range to be $6.80 to $7.40 per share and affirmed its Utility, Parent & Other adjusted guidance range of $4.25 to $4.55 per share. The updated consolidated operational earnings guidance range was increased by $2.05 per share to reflect the tax item recorded in second quarter 2017, which was not included in the original guidance range. See webcast presentation slides for additional details.

The company has provided 2017 earnings guidance with regard to the non-GAAP measures of operational EPS and Utility, Parent & Other adjusted EPS. These measures exclude from the corresponding GAAP financial measures the effect of special items as described below under \"Non-GAAP Financial Measures.\" The company has not provided a reconciliation of such non-GAAP guidance to guidance presented on a GAAP basis because it cannot predict and quantify with a reasonable degree of confidence all of the special items that may occur during 2017. The only anticipated special items that the company can reasonably estimate at this time are those that relate to the decisions to sell or close the company\'s merchant nuclear plants; these estimated costs, which are excluded from the earnings guidance, are expected to decrease as-reported EPS by approximately $2.05 per share.

GUIDANCE:

Entergy sees FY2017 EPS of $6.80-$7.40, versus the consensus of $4.83.

For earnings history and earnings-related data on Entergy (ETR) click here.