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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.

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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

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Keywords: Calpine, Earnings Report