U.S. Markets close in 2 hrs 28 mins

EOG Resources: 3Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EOG at https://www.zacks.com/ap/EOG