TransCanada's profit beats estimates

Tue Nov 4, 2014 8:36am EST
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Nov 4 (Reuters) - TransCanada Corp , Canada's No.2 pipeline company, posted a better-than-expected third-quarter profit, helped higher earnings from its Keystone and Mexican pipelines.

Net income attributable to common shares fell to C$457 million ($400 million), or 64 Canadian cents per share, in the quarter ended Sept. 30, from C$481 million, or 68 Canadian cents, a year earlier.

Comparable earnings, which exclude most one-time items, rose to C$450 million from C$447 million. They were flat on a per share basis, at 63 Canadian cents, above the average analyst estimate of 61, according to Thomson Reuters I/B/E/S. (1 US dollar = 1.1410 Canadian dollar) (Reporting by Ashutosh Pandey in Bangalore and Scott Haggett in Calgary; Editing by Ted Kerr)