Thursday, May 10, 2007

Mirant reports loss on hedging

(Reuters) - Excluding special items, the company said it earned $218 million, or 78 cents per share, up from $142 million, or 46 cents per share, a year ago.

The special items this quarter included a $305 million loss on the value of its trading position used to lock in profit. In the year-earlier period, Mirant had a gain of $300 million on its trading position.


Read more at Reuters.com Mergers News

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