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Suncor Energy: 1Q Earnings Snapshot

CALGARY, Alberta (AP) _ Suncor Energy Inc. (SU) on Tuesday reported a first-quarter loss of $2.63 billion, after reporting a profit in the same period a year earlier.

The Calgary, Alberta-based company said it had a loss of $1.72 per share. Losses, adjusted for non-recurring costs, came to 15 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.

The energy company posted revenue of $5.78 billion in the period.

Suncor Energy shares have decreased 49% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.57, a decrease of 48% 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 SU at https://www.zacks.com/ap/SU