TransCanada Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - TransCanada Corp. (TRP.TO, TRP) reported second-quarter net income attributable to common shares of C$429 million or C$0.60 per share compared to C$416 million or C$0.59 per share for the same period in 2014. Comparable earnings for second quarter 2015 were C$397 million or C$0.56 per share compared to C$332 million or C$0.47 per share for the same period last year. .

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of C$0.52 for the quarter. Analysts' estimates typically exclude special items.

Revenue was C$2.63 billion compared to C$2.23 billion, a year ago. Analysts expected revenue of C$2.42 billion for the quarter.

TransCanada's Board of Directors also declared a quarterly dividend of C$0.52 per common share for the quarter ending September 30, 2015, equivalent to C$2.08 per common share on an annualized basis.