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Southwestern Energy: 3Q Earnings Snapshot

SPRING, Texas (AP) _ Southwestern Energy Co. (SWN) on Thursday reported third-quarter net income of $49 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Spring, Texas-based company said it had net income of 9 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.

The independent oil and gas company posted revenue of $636 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $641.4 million.

In the final minutes of trading on Thursday, the company's shares hit $1.99. A year ago, they were trading at $4.86.

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