CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — TransAlta Corp. (TAC) on Wednesday reported first-quarter profit of $32 million.
On a per-share basis, the Calgary, Alberta-based company said it had net income of 10 cents. Earnings, adjusted for non-recurring gains, came to 7 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The power generation and marketing company posted revenue of $528 million in the period.
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