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Calpine reports 1Q loss

HOUSTON (AP) _ Calpine Corp. (CPN) on Friday reported a loss of $56 million in its first quarter.

On a per-share basis, the Houston-based company said it had a loss of 16 cents. Losses, adjusted for non-recurring gains, came to 32 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The power company posted revenue of $2.28 billion in the period.

Calpine shares have fallen 16 percent since the beginning of the year. The stock has fallen 38 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