TransAlta Corp. (TSX: T.TA, Stock Forum) (NYSE: TAC, Stock Forum) missed analyst estimates in the first quarter. The Calgary-based power generation company reports it had a net loss, lower adjusted earnings and less revenue in the first quarter compared with the same time last year.
TransAlta posted a comparable earnings before interest, tax, depreciation and amortization (EBITDA) increase of $15 million to $267 million, compared to the first quarter of 2012, the company said in a press release.
The compay posted a net earnings loss of $11 million, or 4 cents a share in the first quarter of 2013, compared to a year earlier profit of $88 million or 39 cents.
The stock fell 3% to $13.63, leaving TransAlta with a market cap of $3.5 billion, based on 258.4 million shares outstanding. The 52-week range is $17.85 and $13.70.