Encana: 2Q Earnings Snapshot
CALGARY, Alberta (AP) _ Encana Corp. (ECA) on Wednesday reported second-quarter net income of $336 million, after reporting a loss in the same period a year earlier.
The Calgary, Alberta-based company said it had net income of 24 cents per share. Earnings, adjusted for non-recurring gains, came to 21 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The energy company posted revenue of $2.06 billion in the period.
The company’s shares closed at $4.38. A year ago, they were trading at $13.49.