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TransCanada Q3 comparable profit falls to $349 million, missing analyst estimates
CALGARY – TransCanada Corp. (TSX:TRP) third-quarter profit was down from the same time last year, falling slightly more than analysts had anticipated.
The Calgary-based pipeline operator’s net income was $369 million or 52 cents per share, down from $386 million or 55 cents per share.
Another measure of profitability, called comparable earnings, dropped more to $349 million or 50 cents per share from $416 million or 59 cents per share.
The more closely watched comparable earnings missed a Thomson Reuters consensus estimate by two cents per share.
On other measures including net earnings and revenue, TransCanada was more in line with analyst estimates.
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