HOUSTON (AP) _ EOG Resources Inc. (EOG) on Wednesday reported third-quarter net income of $615.1 million.
The Houston-based company said it had net income of $1.06 per share. Earnings, adjusted for non-recurring costs, came to $1.13 per share.
The results did not meet Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The oil and gas company posted revenue of $4.3 billion in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $4.4 billion.
EOG Resources shares have declined 18% since the beginning of the year, while the Standard & Poor's 500 index has increased 23%. In the final minutes of trading on Wednesday, shares hit $71.42, a fall of 33% in the last 12 months.