DENVER (AP) — DENVER (AP) — Ovintiv Inc. (OVV) on Tuesday reported first-quarter profit of $338 million.
The Denver-based company said it had net income of $1.24 per share. Earnings, adjusted for non-recurring costs, came to $1.44 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The energy company posted revenue of $2.35 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $2.58 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OVV at https://www.zacks.com/ap/OVV
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