HOUSTON (AP) — HOUSTON (AP) — Cheniere Energy Inc. (LNG) on Thursday reported a loss of $3.5 billion in its first quarter.
The Houston-based company said it had a loss of $16.65 per share. Earnings, adjusted for non-recurring costs, came to $4.77 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.91 per share.
The natural gas company posted revenue of $5.87 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $5.7 billion.
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