DENVER (AP) — DENVER (AP) — SM Energy Co. (SM) on Wednesday reported a loss of $335 million in its first quarter.
On a per-share basis, the Denver-based company said it had a loss of $1.68. Earnings, adjusted for non-recurring costs, were $1.55 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The independent oil and gas company posted revenue of $1.48 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.44 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 SM at https://www.zacks.com/ap/SM
