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TransAlta: Q1 Earnings Snapshot

May 6, 2022 GMT

CALGARY, Alberta (AP) _ TransAlta Corp. (TAC) on Friday reported first-quarter net income of $146.8 million.

On a per-share basis, the Calgary, Alberta-based company said it had profit of 54 cents. Earnings, adjusted for asset impairment gains, came to 44 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The power generation and marketing company posted revenue of $580.3 million in the period.

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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 TAC at https://www.zacks.com/ap/TAC