Referenced Stocks

Dynegy Slips 9% on Disappointing Q3; EPS, Revs Miss Consensus

By Midnight Trader,  November 14, 2011, 11:14:08 AM EDT

Dynegy ( DYN ) is down 8% after the company reported disappointing third quarter results earlier. The company saw a loss of $0.61 per share, compared with the prior-year period's $0.20 loss per share. Analysts had expected a loss of $0.20 per share, according to Thomson Reuters.

Revenues declined 33.4% to $516 million, versus analysts' estimates of $688.62 million.

The company said that it tripled its losses in the quarter because it generated less energy among its coal and natural gas power plants. It added that power prices fell 2% for coal-fired plants and 8.5% for natural gas plants.

Shares are down $0.26 to $2.69, near their 52-week low of $2.35.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: DYN



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