BP: Q1 Earnings Snapshot

LONDON (AP) — LONDON (AP) — BP PLC (BP) on Tuesday reported first-quarter net income of $2.26 billion.

On a per-share basis, the London-based company said it had profit of 80 cents. Earnings, adjusted for non-recurring costs, were 97 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The oil and gas company posted revenue of $49.96 billion in the period.

BP shares have risen 10% since the beginning of the year. The stock has risen 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BP at https://www.zacks.com/ap/BP

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