U.S. Markets open in 1 hr 4 mins

Bonanza Creek: 3Q Earnings Snapshot

DENVER (AP) _ Bonanza Creek Energy Inc. (BCEI) on Wednesday reported third-quarter profit of $35.9 million.

The Denver-based company said it had profit of $1.74 per share. Earnings, adjusted for non-recurring gains, were $1.42 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The oil and gas company posted revenue of $75.2 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $77.7 million.

Bonanza Creek shares have declined 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.78, a decrease of 27% 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 BCEI at https://www.zacks.com/ap/BCEI