Mirant Corp. (MIR) reported third-quarter income from continuing operations of $55 million, compared to income of $1.607 billion for the same period in 2008. Earnings from continuing operations for the third quarter were $0.38 per share, compared to $8.69 per share for the third quarter of 2008. Results for 2009 included unrealized losses, principally on hedges, of $174 million compared to unrealized gains, again principally on hedges, of $1.395 billion for 2008.
Adjusted income from continuing operations for the quarter was $238 million or $1.63 per share, compared to $216 million or $1.17 per share in nthe year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $1.16 per share for the quarter. Analysts' estimates typically exclude special items.
Mirant reduced its 2009 adjusted EBITDA guidance from $873 million to $860 million and increased its 2010 adjusted EBITDA guidance from $570 million to $617 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.