reported fourth-quarter earnings today that missed Wall Street's estimates by 8 cents.
For its fourth quarter, ended Dec. 31, Reliant Energy earned $73 million, or 25 cents a share, down slightly from $73 million, or 26 cents a share in the same quarter the previous year. Ten analysts surveyed by
First Call/Thomson Financial
expected the company to garner 33 cents a share.
The company adjusted its earnings to exclude the results of its investments in Latin America, which it has put up for sale.
The Houston-based energy company said fourth-quarter revenue was $9.8 billion, up from $4 billion in the same period one year ago.
Shares of Reliant Energy gained 75 cents, or 2%, to $37.75 in recent
New York Stock Exchange