RRI Energy: Expects To Report 2Q Loss Of $185 Million
July 28 2009 - 1:22PM
Dow Jones News
Wholesale power marketer RRI Energy Inc. (RRI) on Tuesday said
it expects to report a second-quarter loss from continuing
operations before income taxes of $185 million, compared to income
of $144 million for the second quarter of 2008.
RRI plans to report its second-quarter results on Monday.
Analysts on average expect RRI Energy to report a loss of 24
cents a share on revenue of $414 million. In last year's second
quarter, RRI, which changed its name in May from Reliant Energy
after selling its retail power business, reported earnings of $1.01
a share on revenue of $3.42 billion.
-By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;
cassandra.sweet@dowjones.com