CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — TransAlta Corp. (TAC) on Friday reported a loss of $80.9 million in its second quarter.
The Calgary, Alberta-based company said it had a loss of 27 cents per share. Earnings, adjusted for non-recurring costs, were 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The power generation and marketing company posted revenue of $312.9 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAC at https://www.zacks.com/ap/TAC
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