DENVER (AP) — DENVER (AP) — Ovintiv Inc. (OVV) on Tuesday reported a loss of $159 million in its first quarter.
The Denver-based company said it had a loss of 61 cents per share. Earnings, adjusted for one-time gains and costs, were $1.42 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The energy company posted revenue of $2.38 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.3 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
