Entergy Corp. (ETR) said it estimates earnings of $6.15 to $6.95 per share, and earnings of $6.40 to $7.20 per share, on an operational basis, for fiscal 2010. Analysts polled by Thomson Reuters expect the company to report earnings of $6.77 per share for the quarter. Analysts' estimates typically exclude special items.
With line of sight on ultimate resolution in 2010, the board of Entergy has granted authority for an additional $750 million share repurchase program, following completion of an initial $500 million authorization in third quarter 2009.
While it is expected the additional share repurchases under the new authorization will occur following spin-off completion in the near-term, consistent with the $500 million authorization, the incremental $750 million of share repurchase capacity is supported by the underlying business operations whether or not the spin-off transaction is completed, the company noted.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.