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Calgary, Alberta (AP) _ TransCanada Corp. (T.TRP) on Friday reported first-quarter net income of $324.3 million (410 million CAD).
On a per-share basis, the Calgary, Alberta-based company said it had net income of 44 cents. Earnings, adjusted for non-recurring costs, were 51 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The energy infrastructure company posted revenue of $2.27 billion (2.87 billion CAD) in the period.
TransCanada shares have fallen slightly more than 2 percent since the beginning of the year. The stock has increased slightly more than 7 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T.TRP at http://www.zacks.com/ap/T.TRP
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Keywords: TransCanada, Earnings Report
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Transcanada Pipelines Ltd.
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CODE : TRP.TO |
ISIN : CA89353D1078 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Transcanada Pipelines is a producing company based in Canada. Transcanada Pipelines is listed in Canada. Its market capitalisation is CA$ 47.2 billions as of today (US$ 37.7 billions, € 33.1 billions). Its stock quote reached its lowest recent point on February 18, 2000 at CA$ 10.00, and its highest recent level on February 21, 2020 at CA$ 76.58. Transcanada Pipelines has 867 229 952 shares outstanding. |