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Apache: 3Q Earnings Snapshot

HOUSTON (AP) _ Apache Corp. (APA) on Wednesday reported third-quarter earnings of $81 million.

The Houston-based company said it had net income of 21 cents per share. Earnings, adjusted to extinguish debt and for non-recurring costs, came to 63 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The oil and natural gas producer posted revenue of $1.98 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $1.91 billion.

Apache shares have fallen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 1 percent. In the final minutes of trading on Wednesday, shares hit $37.86, a decrease of 8.5 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 APA at https://www.zacks.com/ap/APA