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Calpine (CPN +3.5%) trades higher after it misses on its Q3 EPS target, but beats on revenues....

Calpine (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.
Comments (1)
  • devassocx
    , contributor
    Comments (146) | Send Message
     
    there is always a reason that cpn underperforms...I suspect the
    real reason is management.
    29 Oct 2011, 07:19 PM Reply Like
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