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WPX: 3Q Earnings Snapshot

·1 min read

TULSA, Okla. (AP) _ WPX Energy Inc. (WPX) on Monday reported a third-quarter loss of $155 million, after reporting a profit in the same period a year earlier.

The Tulsa, Oklahoma-based company said it had a loss of 28 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 11 cents per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The independent oil and gas company posted revenue of $473 million in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $607.3 million.

In the final minutes of trading on Monday, the company's shares hit $4.80. A year ago, they were trading at $9.98.

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