DENVER (AP) — DENVER (AP) — Ovintiv Inc. (OVV) on Monday reported a loss of $630 million in its first quarter.
The Denver-based company said it had a loss of $2.35 per share. Earnings, adjusted for one-time gains and costs, came to $2 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The energy company posted revenue of $2.53 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.31 billion.
_____
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
