SPRING, Texas (AP) _ Southwestern Energy Co. (SWN) on Thursday reported a third-quarter loss of $29 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Spring, Texas-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The independent oil and gas company posted revenue of $951 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $889.1 million.
Southwestern Energy shares have fallen nearly 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1 percent. In the final minutes of trading on Thursday, shares hit $5.04, falling slightly 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 SWN at https://www.zacks.com/ap/SWN