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Paramount Resources posts 3Q profit

CALGARY, Alberta (AP) _ Paramount Resources Ltd. (PRMRF) on Thursday reported third-quarter net income of $178.3 million.

The Calgary, Alberta-based company said it had profit of $1.57 per share. Earnings, adjusted for non-recurring gains, were 48 cents per share.

The oil and natural gas company posted revenue of $93 million in the period.

Paramount Resources shares have climbed 42 percent since the beginning of the year. The stock has risen 81 percent 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 PRMRF at https://www.zacks.com/ap/PRMRF