NEW ORLEANS — Utility holding company Entergy Corp. said Tuesday that it expects higher first-quarter earnings, but the profit will miss Wall Street forecasts.

For the quarter earning March 31, Entergy said it expects to report earnings of $1.01 per share, up from 92 cents per share for the first quarter of 2006 _ a period during which the company was still recovering from hurricanes Katrina and Rita.

Analysts surveyed by Thomson Financial have forecast per-share earnings of $1.11 per share for the latest quarter.

The earnings jump will be due to better results at Entergy Unit, the company’s unit that owns and manages nuclear power plant, the company said. Those results will be partially offset by lower results from the company’s regulated power units in Louisiana, Mississippi, Arkansas and Texas, and its parent and non-nuclear wholesale businesses, the company said.

Although its regulated power businesses posted higher revenue because of cooler weather than last year, operational results dropped because of higher operation, maintenance, depreciation and interest expenses, the company said.

The company reaffirmed previously issued guidance, saying it expects 2007 annual earnings to range from $5.40 to $5.70.

Entergy’s unit, Entergy New Orleans Inc., which provides electricity and natural gas service to New Orleans, is in federal bankruptcy protection forced by the virtual destruction of its systems in the city during Katrina and resulting flooding. Creditors are now voting on two similar reorganization plans that call for all creditors to be paid in full.

The company said it would report first-quarter results on April 26.

In pre-market trading on the New York Stock Exchange, Entergy shares had fallen 80 cents to $110.33. The shares have traded in a 52-week range of $66.78 to $111.72.