Golar LNG: 1Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Golar LNG Ltd. (GLNG) on Tuesday reported a loss of $41.7 million in its first quarter.

The Hamilton, Bermuda-based company said it had a loss of 41 cents per share. Losses, adjusted for one-time gains and costs, were 37 cents per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.

The operator of carriers for natural gas shipping posted revenue of $114.3 million in the period. Its adjusted revenue was $97.8 million, topping Street forecasts. Four analysts surveyed by Zacks expected $88.9 million.

Golar LNG shares have decreased 6% since the beginning of the year. The stock has decreased 40% in the last 12 months.

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