WASHINGTON (dpa-AFX) - Calpine Corp. (CPN) posted first-quarter net loss attributable to the company of $9 million or $0.02 per share compared to the loss of $297 million or $0.61 per share last year. Adjusted net loss was $65 million versus loss of $110 million a year ago.
On average, 11 analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues for the three-month period declined to $1.24 billion from $1.5 billion in the same quarter a year earlier. Analysts anticipated revenues of $1.33 billion for the quarter.
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