Murphy Oil: Q3 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Murphy Oil Corp. (MUR) on Thursday reported third-quarter earnings of $255.3 million.
On a per-share basis, the Houston-based company said it had net income of $1.63. Earnings, adjusted for non-recurring gains, were $1.59 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The oil and gas producer posted revenue of $959.6 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $899.3 million.
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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 MUR at https://www.zacks.com/ap/MUR
