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Calpine (CPN +3.5%) trades higher after it misses on its Q3 EPS target, but beats on revenues....
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Friday, October 28, 2011, 3:02 PM ETCalpine (CPN +3.5%) trades higher after it misses on its Q3 EPS target, but beats on revenues. Y/Y earnings declined slightly, mostly due to the sale of certain assets. The company reaffirms the high-end targets of its FY11 guidance, but also warns of increasing competitive pressures.
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real reason is management.