| Hess reports 3Q loss | |
| | |
|
NEW YORK (AP) -- Hess Corp. (HES) on Wednesday reported a third-quarter loss of $279 million, after reporting a profit in the same period a year earlier.
The New York-based company said it had a loss of 98 cents per share. Losses, adjusted for non-recurring gains, were $1.03 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.22 per share.
The oil and gas producer posted revenue of $1.69 billion in the period.
Hess shares have declined 23 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has declined 29 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HES at http://www.zacks.com/ap/HES
_____
Keywords: Hess, Earnings Report
|
|
|
Hess Corporation
|
|
|
CODE : HES |
ISIN : US42809H1077 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hess Corp. is a and oil exploration company based in United states of america. Hess Corp. is listed in Germany and in United States of America. Its market capitalisation is US$ 50.1 billions as of today (€ 46.8 billions). Its stock quote reached its lowest recent point on November 17, 1989 at US$ 10.06, and its highest recent level on April 24, 2024 at US$ 159.13. Hess Corp. has 315 053 615 shares outstanding. |