Dynegy Inc. (DYN) reported third quarter net loss attributable to Dynegy Inc. of $212 million or $0.25 per share, compared to net income of $605 million or $0.72 per diluted share in the prior year quarter.
On average, 10 analysts surveyed by Thomson Reuters expected the company to post earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.
Adjusted EBITDA for the quarter was $388 million, compared to $269 million in the year-ago quarter.
Revenues for the quarter were $673 million, compared to $1.76 billion in the prior year quarter. Three Wall Street analysts had a consensus revenue estimate of $877.54 million.
Looking ahead, the company now expects adjusted EBITDA in range of $730 million and $760 million, and adjusted Cash Flow from Operations of $75 million and $105 million. Earlier, the company expected full-year adjusted EBITDA forecast between $680 million and $740 million, and adjusted Cash Flow from Operations of between $140 million and $200 million.
The company said it now sees fiscal 2009 net loss between $1.2 billion and $1.1 billion. Earlier, the company predicted fiscal 2009 net loss outlook between $975 million and $935 million.
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