Revenue Update on TransAlta Corporation (USA)(NYSE:TAC)

TransAlta Corporation (USA)(NYSE:TAC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $373.92M. Analysts estimated a revenue of $670.98M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.01.

TransAlta Corporation (USA) (TAC) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.45% at a volume of 35,656. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.46. The peak price level was also seen at $4.46 while the days lowest was $4.34. Finally the shares closed at $4.42. The 52-week high of the shares is $5.6201 while the 52-week low is $2.54. According to the latest information available, the market cap of the company is $1,273 M.

TransAlta Corporation (USA) has also declared a cash dividend of $0.0400 on Jul 19, 2016. The shares will quote ex-dividend on Aug 30, 2016 and the record date has been fixed on Sep 1, 2016. The dividend payable date has been fixed on Oct 1, 2016.

TransAlta Corporation (TransAlta) is engaged in the production and sale of electric energy. The Company is organized into three business segments: Generation Energy Marketing and Corporate. The Generation segment is responsible for constructing operating and maintaining the Company’s electricity generation as well as the operation and maintenance of its related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Energy Marketing segment also encompasses the management of available generating capacity as well as the fuel and transmission needs of the Generation business. The Corporate segment provides finance tax treasury legal regulatory environmental health and safety sustainable development corporate communications government and investor relations procurement information technology risk management human resources internal audit and other administrative services.

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