DENVER (AP) — DENVER (AP) — Ovintiv Inc. (OVV) on Wednesday reported a loss of $60 million in its fourth quarter.
The Denver-based company said it had a loss of 23 cents per share. Earnings, adjusted for non-recurring costs, came to $1.35 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The energy company posted revenue of $2.19 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $2.32 billion.
For the year, the company reported profit of $1.13 billion, or $4.21 per share. Revenue was reported as $9.15 billion.
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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 OVV at https://www.zacks.com/ap/OVV
