Calpine Earnings: Here’s Why Investors are Not Happy Now
Calpine Corp. (NYSE:CPN) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.34%.
Calpine Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.16 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Rose 78.84% to $1.57 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Calpine Corp. reported adjusted EPS loss of $0.16 per share. By that measure, the company missed the mean analyst estimate of $0.03. It beat the average revenue estimate of $1.1 billion.
Quoting Management: “We remain steadfastly focused on positioning Calpine to take advantage of the secular shift in the U.S. power generation industry to clean, efficient and dispatchable combined-cycle gas turbines,” said Jack Fusco, Calpine’s Chief Executive Officer.
Key Stats (on next page)…