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NRG Energy (NRG) Stock Up as Revenue Tops Expectations

NEW YORK (TheStreet) -- NRG Energy (NRG - Get Report) stock is advancing by 4.60% to $14.10 in afternoon trading on Wednesday, following its 2015 third quarter earnings results.

Before the market open, the power company posted earnings of 18 cents per share for the most recent quarter, down from 48 cents per share for the year ago period.

Revenue declined year over year to $4.43 billion, down from $4.57 billion for the 2014 third quarter.

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Analysts had forecast for earnings of 73 cents per share on revenue of $4.24 billion.

NRG Energy has begun a company-wide cost reduction program of $150...