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

|About: Calpine Corporation (CPN)|By:, SA News Editor

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.