TransAlta Corporation (NYSE:TAC) operater of non-regulated electricity generation and energy, is reporting third quarter earnings results on Wednesday 4th November 2020, before market open.
Previous Quarter Performance
TransAlta Corporation recorded loss for the second quarter of $ 0.16 per share, from the revenue of $ 315.21 million. According to street consensus, revenue of $ 506.52 million was expected for the second quarter The top line results fell short of analysts by $ 191.31 million or 37.77 percent.
Stock Performance
Shares of TransAlta Corporation traded up $ 0.15 or 2.44 percent on Tuesday, reaching $ 6.30 with volume of 215.50 thousand shares. TransAlta Corporation has traded high as $ 6.44 and has cracked $ 6.19 on the downward trend
According to the previous trading day, closing price of $ 6.30, representing a 69.42 % increase from the 52 week low of $ 3.63 and a 27.65 % decrease over the 52 week high of $ 8.50.
The company has a market capital of $ 1.70 billion and is part of the Utilities sector and Utilities – Independent Power Producers industry.
Conference Call
TransAlta Corporation will be hosting a conference call at 10:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.transalta.com
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.
