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Imperial Oil: 1Q Earnings Snapshot

CALGARY, Alberta (AP) _ Imperial Oil Ltd. (IMO) on Friday reported first-quarter profit of $220.4 million.

The Calgary, Alberta-based company said it had profit of 29 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The oil and gas and petroleum products company posted revenue of $6 billion in the period.

Imperial Oil shares have increased 17 percent since the beginning of the year. The stock has decreased almost 1 percent 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 IMO at https://www.zacks.com/ap/IMO