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Calpine posts 4Q profit

HOUSTON (AP) _ Calpine Corp. (CPN) on Friday reported fourth-quarter net income of $24 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Houston-based company said it had profit of 7 cents. Losses, adjusted for non-recurring gains, were 40 cents per share.

The power company posted revenue of $1.58 billion in the period.

For the year, the company reported profit of $92 million, or 26 cents per share. Revenue was reported as $6.72 billion.

Calpine shares have decreased 3 percent since the beginning of the year. The stock has declined 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPN at https://www.zacks.com/ap/CPN


Keywords: Calpine, Earnings Report