TransAlta (NYSE:TAC) Releases Earnings Results, Misses Expectations By $0.09 EPS
TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) announced its quarterly earnings results on Friday. The utilities provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.09). TransAlta had a negative net margin of 7.39% and a positive return on equity of 3.00%. The business had revenue of $436.10 million for the quarter, compared to analyst estimates of $493.39 million.
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