Sanchez Energy: 3Q Earnings Snapshot

HOUSTON (AP) _ Sanchez Energy Corp. (SN) on Thursday reported third-quarter net income of $5.6 million, after reporting a loss in the same period a year earlier.

The Houston-based company said it had net income of 21 cents per share. Losses, adjusted for non-recurring costs, were 15 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The independent oil and gas company posted revenue of $277.7 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $260.1 million.

The company's shares closed at $1.62. A year ago, they were trading at $4.33.

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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 SN at https://www.zacks.com/ap/SN