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TransAlta: 1Q Earnings Snapshot

CALGARY, Alberta (AP) _ TransAlta Corp. (TAC) on Tuesday reported a first-quarter loss of $48.9 million, after reporting a profit in the same period a year earlier.

The Calgary, Alberta-based company said it had a loss of 17 cents per share.

The power generation and marketing company posted revenue of $487.4 million in the period.

TransAlta shares have risen 63% since the beginning of the year. The stock has increased 29% 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 TAC at https://www.zacks.com/ap/TAC