Hess: 3Q Earnings Snapshot
NEW YORK (AP) _ Hess Corp. (HES) on Wednesday reported a loss of $205 million in its third quarter.
The New York-based company said it had a loss of 68 cents per share. Losses, adjusted for non-recurring costs, were 32 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 32 cents per share.
The oil and gas producer posted revenue of $1.52 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.54 billion.
Hess shares have climbed 67% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 21%. The stock has climbed 21% in the last 12 months.