Dynegy (DYN)

Dynegy reported for the full year 2009 a loss of $1.247 billion, or $-1.52 per share, on sales of $2.468 billion. That compares to the prior year earnings of $174 million, or $.20 per share, on sales of $3.324 billion.
The net loss in 2009 was driven by asset and goodwill impairments, a net loss on asset sales, mark-to-market losses, debt extinguishment costs and lower interest income. GAAP results in 2008 included a net gain on asset sales and mark-to-market gains, partially offset by asset impairments.

Feb 25 · 9:24:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto