THE WOODLANDS, Texas (AP) _ Anadarko Petroleum Corp. (APC) on Thursday reported a first-quarter loss of $15 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, came to 53 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The oil company posted revenue of $3.22 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $2.99 billion.
Anadarko Petroleum shares have climbed 64 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent. In the final minutes of trading on Thursday, shares hit $71.77, a rise of slightly more than 7 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 APC at https://www.zacks.com/ap/APC