OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Expand Energy Corporation (EXE) on Tuesday reported a loss of $114 million in its third quarter.
The Oklahoma City-based company said it had a loss of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The oil and gas company posted revenue of $648 million in the period. Its adjusted revenue was $407 million, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $534.9 million.
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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 EXE at https://www.zacks.com/ap/EXE
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