Calpine Posts Wider Net Loss For Q1, Reaffirms Outlook For FY16

(RTTNews) - Calpine Corp. (CPN) Friday announced a wider net loss of $198 million or $0.56 per share from $10 million or $0.03 per share last year. On an adjusted basis, net loss was $104 million.

On average, five analysts polled by Thomson Reuters expected the company to record a loss of $0.06 per share. Analysts estimates usually exclude special items.

Revenue for the quarter increased 1.9 percent to $1.615 billion from $1.646 billion in the prior year. Wall Street was looking for $1.30 billion.

Further, the company reaffirmed its full year adjusted EBITDA in a range of $1.80 to $1.950 billion and per share estimates in a range of $2.00 to $.240. Analysts are looking for $0.61 per share on revenue of $5.40 billion.