Entergy Corp. announced Tuesday that it expects third quarter earnings of approximately $3.52 per share, compared to $2.62 per share a year ago.
The company also upped its 2011 earnings projections to the range of $7.15 to $7.65 per share, compared to the earlier guidance of $6.35 to $6.85 a share.
Stock analysts surveyed by Thomson Reuters had forecast third-quarter earnings of $2.52 per share and $6.66 per share for the year.
Entergy said higher earnings at its utility segment, which were aided by a tax settlement, drove the improved results. The settlement sharply reduced income taxes for the quarter, the company said.