Title : TransCanada reports $612-million Q3 profit, up from loss a year ago
link : TransCanada reports $612-million Q3 profit, up from loss a year ago
TransCanada reports $612-million Q3 profit, up from loss a year ago
The Canadian Press</span>
Published Thursday, November 9, 2017 8:05AM EST
Last Updated Thursday, November 9, 2017 8:06AM EST
CALGARY - TransCanada Corp. earned $612 million in its latest quarter compared with a loss a year ago.
The pipeline company (TSX:TRP) says the profit amounted to 70 cents per share for the quarter ended Sept. 30.
That compared with a loss of $135 million or 17 cents per share a year ago.
Revenue fell to $3.24 billion compared with $3.63 billion in the same quarter last year.
The company says comparable earnings for the quarter fell to a profit of $614 million or 70 cents per share compared with $622 million or 78 per share a year ago, due in large part to the sale of its U.S. Northeast power generation portfolio.
TransCanada announced last month the sale of its solar power holdings in a $540-million deal with a subsidiary of Axium Infrastructure Canada II L.P.
Thus Article TransCanada reports $612-million Q3 profit, up from loss a year ago
You are now reading the article TransCanada reports $612-million Q3 profit, up from loss a year ago with the link address https://coneknews.blogspot.com/2017/11/transcanada-reports-612-million-q3.html
Related Posts :
Erik Menendez expressed remorse for killing his parents during interviews for TV series- Ultra-low rental vacancy rates highlight 'desperate' struggle to find affordable housing
- Bali's Mount Agung set to blow 'within hours'
- These Uber-style cars come without a driver, and they're set to be tested on Perth's streets
- Bali airport reopens, but volcano still spewing ash
0 Response to "TransCanada reports $612-million Q3 profit, up from loss a year ago"
Post a Comment