AP NEWS

Golar LNG: 3Q Earnings Snapshot

November 26, 2019 GMT

HAMILTON, Bermuda (AP) _ Golar LNG Ltd. (GLNG) on Tuesday reported a third-quarter loss of $82.3 million, after reporting a profit in the same period a year earlier.

The Hamilton, Bermuda-based company said it had a loss of 81 cents per share. Losses, adjusted for non-recurring costs, were 37 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.

The operator of carriers for natural gas shipping posted revenue of $98.7 million in the period. Its adjusted revenue was $93.1 million, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $100.5 million.

Golar LNG shares have decreased 43% since the beginning of the year. The stock has dropped 48% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLNG at https://www.zacks.com/ap/GLNG