TransCanada Q1 Profit Meets View, But Revenues Miss - Quick Facts

(RTTNews) - TransCanada Corp. (TRP.TO, TRP) reported first-quarter net income attributable to shares of C$387 million or C$0.55 per share, down from C$412 million or C$0.58 per share in the comparable quarter last year.

Comparable earnings per share for the latest quarter were C$0.66, compared to C$0.60 per share last year. On average, eleven analysts polled by Thomson Reuters expected the company to report earnings of C$0.66 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter declined to C$2.87 billion from C$2.88 billion in the year-ago period. Analysts expected revenue of C$2.89 billion for the quarter.

TransCanada's board of directors declared a quarterly dividend of C$0.52 per share for the quarter ending June 30, 2015.