HOUSTON (AP) — HOUSTON (AP) — Talen Energy (TLN) on Thursday reported a loss of $135 million in its first quarter.
The Houston-based company said it had a loss of $2.94 per share. Earnings, adjusted for non-recurring costs, came to 82 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The power generation and infrastructure company posted revenue of $390 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $547.3 million.
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