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HOUSTON (AP) _ Apache Corp. (APA) on Thursday reported a loss of $5.66 billion in its third quarter.
On a per-share basis, the Houston-based company said it had a loss of $14.95. Losses, adjusted for non-recurring costs and pretax expenses, came to 5 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.
The oil and natural gas producer posted revenue of $1.5 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.59 billion.
Apache shares have declined 21 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2 percent. The stock has dropped 33 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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