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TransAlta: 3Q Earnings Snapshot

CALGARY, Alberta (AP) _ TransAlta Corp. (TAC) on Thursday reported third-quarter net income of $46.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Calgary, Alberta-based company said it had net income of 14 cents. Losses, adjusted for non-recurring gains, were 1 cent per share.

The power generation and marketing company posted revenue of $449.2 million in the period.

TransAlta shares have climbed 41% since the beginning of the year. The stock has risen slightly more than 9% 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