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Entergy Corporation (NYSE: ETR)reported a loss of $(0.86) per share on an as-reported basis and earnings of $0.44per share on an operational basis for first quarter 2012, as shown in Table 1 below.A more detailed discussion of quarterly results begins on page 2 of this release.
Table 1:Consolidated Earnings ‘Reconciliation of GAAP to Non-GAAP Measures
First Quarter 2012 vs. 2011
(Per share in U.S. $)
First Quarter
2012
2011
Change
As-Reported Earnings
(0.86)
1.38
(2.24)
Less Special Items
(1.30)
-
(1.30)
Operational Earnings
0.44
1.38
(0.94)
Weather Impact
(0.18)
0.10
(0.28)
Berkshire Hills Bancorp, Inc. reported$0.45in first quarter core earnings per share, a 50 percent increase over first quarter 2011 core earnings of$0.30per share. This increase resulted from ongoing business expansion together with the benefit of the acquisitions of Rome Bancorp and Legacy Bancorp. GAAP net income included nonrecurring and merger related expenses, together with income from discontinued operations. These non-core items together equated to a first quarter after-tax charge of$0.17per share in 2012 compared to$0.10per share in 2011. Including these non-core items, first quarter GAAP net income was$0.28per share, compared to$0.20per share in the first quarter of 2011.
First Quarter Financial Highlights
