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TransAlta Corporation

11:51 AM EST - TransAlta Corporation : reported first-quarter net earnings of $67 million or $0.31 per share, compared to $42 million or $0.21 per share in the first quarter of 2009. Comparable earnings for the quarter were $67 million or $0.31 per share, compared to $36 million or $0.18 per share for the same period in 2009. Revenue grew to $723 million from $756 million in the same quarter a year earlier. TransAlta Corporation shares T.TA are trading down $0.49 at $21.51.