HOUSTON (AP) — HOUSTON (AP) — ConocoPhillips (COP) on Thursday reported third-quarter net income of $1.73 billion.
On a per-share basis, the Houston-based company said it had net income of $1.38. Earnings, adjusted for non-recurring costs, were $1.61 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The energy company posted revenue of $15.52 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $14.64 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 COP at https://www.zacks.com/ap/COP
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