Calpine Q1 Loss Narrows; Reaffirms 2014 Outlook - Quick Facts

(RTTNews) - Calpine Corp. (CPN) Thursday reported first-quarter net loss attributable to the company of $17 million or $0.04 per share, narrower than $125 million or $0.28 per share in the prior year.

On average, six analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Adjusted net income totaled $55 million, while the company posted a loss of $70 million in the previous year.

Operating revenues for the quarter climbed 58.3% to $1.97 billion from $1.24 billion a year earlier. Analysts estimated revenues of $1.31 billion for the quarter.

The company also reaffirmed its 2014 full year guidance. Earnings per share for the year are still expected to be $1.85 - $2.10.