PLANO, Texas (AP) _ Denbury Resources Inc. (DNR) on Tuesday reported a first-quarter loss of $25.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Plano, Texas-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The independent oil and gas company posted revenue of $305.5 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $307.5 million.
The company's shares closed at $2.06. A year ago, they were trading at $3.40.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DNR at https://www.zacks.com/ap/DNR