TransAlta Posts Q2 Loss - Quick Facts

(RTTNews) - TransAlta Corp. (TAC, TA.TO) reported a net loss of C$50 million or C$0.18 per share for the second quarter, compared to net earnings of C$15 million or C$0.06 per share in the year-ago quarter.

On a comparable basis, the company's loss totaled C$12 million or C$0.04 per share. On average, six analysts polled by Thomson Reuters expected the company to report earnings of C$0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Funds from operations for the quarter also declined to C$154 million or C$0.57 per share from $184 million or C$0.70 per share a year ago.

Revenue for the quarter decreased to C$491 million from C$542 million in the same quarter last year.

The company also said it declared a quarterly dividend of C$0.18 per share.