TransCanada Corporation (USA) (TRP) Releases Earnings Results, Beats Expectations By $0.04 EPS

TransCanada Corporation (USA) (TRP) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.66. The company posted revenue of $2547.00 million in the period, compared to analysts expectations of $2978.63 million. The company’s revenue was down -11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on TransCanada Corporation (USA). TransCanada Corporation (USA) was Resumed by Credit Suisse to “Outperform” on Apr 8, 2016. TransCanada Corporation (USA) was Upgraded by Citigroup to ” Buy” on Mar 30, 2016. TransCanada Corporation (USA) was Downgraded by Citigroup to ” Neutral” on Mar 11, 2016.

TransCanada Corporation (USA) opened for trading at $40.6 and hit $41.07 on the upside on Wednesday, eventually ending the session at $40.97, with a gain of 1.46% or 0.59 points. The heightened volatility saw the trading volume jump to 12,35,301 shares. Company has a market cap of $28,775 M.

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines Liquids Pipelines and Energy. Natural Gas Pipelines and Liquids Pipelines consist of its respective natural gas and liquids pipelines in Canada the United States and Mexico as well as its regulated natural gas storage operations in the United States. Its natural gas pipeline network transports natural gas to local distribution companies power generation facilities and other businesses across Canada the United States and Mexico. Its existing liquids pipeline infrastructure connects Alberta and the United States crude oil supplies to the United States refining markets in Illinois Oklahoma and Texas as well as connecting the United States crude oil supplies from the Cushing Oklahoma hub to refining markets in the United States Gulf Coast. Energy includes its power operations and the non-regulated natural gas storage business in Canada.

TransCanada Corporation (USA)

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