HOUSTON (AP) _ Noble Energy Inc. (NBL) on Wednesday reported a loss of $ 287 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 67 cents. Losses, adjusted for non-recurring costs, were 53 cents per share.
The results topped Wall Street expectations. The average estimate of 20 analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share.
The oil and gas company posted revenue of $ 724 million in the period, which did not meet Street forecasts. Fourteen analysts surveyed by Zacks expected $ 811.6 million.
Noble shares have risen roughly 7 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 1 percent. The stock has decreased 31 percent in the last 12 months.
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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 NBL at http://www.zacks.com/ap/NBL
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Keywords: Noble Energy, Earnings Report
