TULSA, Okla. (AP) _ WPX Energy Inc. (WPX) on Wednesday reported a loss of $7 million in its third quarter.
On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 1 cent. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 7 cents per share.
The results did not meet Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The independent oil and gas company posted revenue of $484 million in the period, also falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $527.1 million.
WPX shares have climbed 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.22, a climb of 44 percent 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 WPX at https://www.zacks.com/ap/WPX