WASHINGTON (dpa-AFX) - APA Corporation (APA) revealed a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $603 million, or $1.67 per share. This compares with $541 million, or $1.46 per share, last year.
Excluding items, APA Corporation reported adjusted earnings of $313 million or $0.87 per share for the period.
Analysts on average had expected the company to earn $0.48 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.4% to $2.612 billion from $2.792 billion last year.
APA Corporation earnings at a glance (GAAP) :
-Earnings: $603 Mln. vs. $541 Mln. last year. -EPS: $1.67 vs. $1.46 last year. -Revenue: $2.612 Bln vs. $2.792 Bln last year.
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