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HOUSTON (AP) _ Apache Corp. (APA) on Thursday reported a second-quarter loss of $5.6 billion, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of $14.83. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 22 cents per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The oil and natural gas producer posted revenue of $1.98 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.83 billion.
Apache shares have fallen 29 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2 percent. The stock has decreased 55 percent in the last 12 months.
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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 APA at http://www.zacks.com/ap/APA
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Keywords: Apache, Earnings Report
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