TransCanada reports profit for third quarter

TransCanada Corp on Thursday reported a third-quarter profit compared with a loss a year ago, when the pipeline operator took an after-tax goodwill impairment charge of C$656 million.

The Calgary-based company's net income attributable to shareholders was C$612 million ($482 million), or 70 Canadian cents per share, in the quarter ended Sept. 30, compared with a loss of C$135 million, or 17 Canadian cents per share, a year ago.

Revenue fell to C$3.24 billion from C$3.63 billion.

(Reporting by Anirban Paul in Bengaluru; Editing by Maju Samuel)