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Dynegy Exceeds Consensus Forecast by a Penny
Dynegy (DYN Quote) beat Wall Street's consensus earnings forecast for the first quarter, thanks to a strong performance from all of the company's segments and the return of normal winter weather, which spurred demand for energy.
The energy and communications company said first-quarter recurring income rose to $137.5 million, or 41 cents a diluted share, from $79.4 million, or 26 cents a share, in the same period a year ago. Analysts surveyed by Thomson Financial/First Call expected the company to earn 40 cents. ...
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