LOS ANGELES (dpa-AFX) - Occidental Petroleum Corp. (OXY) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $766 million, or $0.77 per share. This compares with $718 million, or $0.75 per share, last year.
Excluding items, Occidental Petroleum Corp. reported adjusted earnings of $860 million or $0.87 per share for the period.
Analysts on average had expected the company to earn $0.76 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 13.9% to $6.803 billion from $5.975 billion last year.
Occidental Petroleum Corp. earnings at a glance (GAAP) :
-Earnings: $766 Mln. vs. $718 Mln. last year. -EPS: $0.77 vs. $0.75 last year. -Revenue: $6.803 Bln vs. $5.975 Bln last year.
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