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TransCanada posts profit of $183.7 million in 1st quarter

CALGARY – CALGARY, Alberta (AP) _ TransCanada Corp. (TRP) on Friday reported first-quarter net income of $183.7 million.

The Calgary, Alberta-based company said it had net income of 26 cents per share. Earnings, adjusted for non-recurring costs, came to 51 cents per share.

The energy infrastructure company posted revenue of $1.86 billion in the period.

TransCanada shares have climbed 27 per cent since the beginning of the year. The stock has dropped 13 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRP at http://www.zacks.com/ap/TRP

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Keywords: TransCanada, Earnings Report