RRI Energy Inc. (RRI) reported a third-quarter net loss of $15.43 million or $0.04 per share compared to a net loss of $1.04 billion or $2.93 per share last year.
Loss from continuing operations was $18.27 million or $0.05 per share compared to profit of $93.58 million or $0.26 per share last year.
On average, 9 analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $507.18 million from $959.86 million last year. Analysts expected revenue of $382.30 million for the quarter.
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