Power-provider Entergy Corp. has issued 2010 earnings guidance in the range of $6.15 to $6.95 per share. The New Orleans-based company says it expects that guidance to include 25 cents in costs associated with its planned spinoff of wholesale nuclear power units into a new company, Enexus Energy Corp. Analysts surveyed by Thomson Reuters, on average, have forecast 2010 profit of $6.77 per share. The company’s board also has approved an additional $750 million program for the repurchase of its common shares. Entergy filed an initial $500 million share repurchase program during the third quarter of 2008.
Entergy issues 2010 earnings guidance
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