12:30 PM EDT, 10/31/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Entergy ( ETR ) shares were up over 16% in recent trading on Thursday after it raised the lower end of its fiscal 2024 earnings outlook.

The company reported Q3 adjusted earnings of $2.99 per share, down from $3.27 a year earlier. Analysts polled by Capital IQ expected $2.99.

The company said it now expects fiscal 2024 adjusted EPS of $7.15 to $7.35. That compares with its previous forecast of $7.05 to $7.35. Analysts polled by Capital IQ expect $7.21.

Price: 156.31, Change: +21.91, Percent Change: +16.30