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Continental Resources: 1Q Earnings Snapshot

OKLAHOMA CITY (AP) _ Continental Resources Inc. (CLR) on Monday reported first-quarter net income of $187 million.

The Oklahoma City-based company said it had net income of 50 cents per share. Earnings, adjusted for non-recurring costs, came to 58 cents per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The independent oil and gas company posted revenue of $1.12 billion in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $1.06 billion.

Continental Resources shares have increased 20% since the beginning of the year. In the final minutes of trading on Monday, shares hit $48.03, a decrease of 26% 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 CLR at https://www.zacks.com/ap/CLR