Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    64,359.12
    +841.60 (+1.32%)
     

  • CMC Crypto 200

    1,334.09
    +21.46 (+1.64%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,406.70
    +8.70 (+0.36%)
     

  • Crude Oil

    83.24
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Apache: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

HOUSTON (AP) _ Apache Corp. (APA) on Wednesday reported a loss of $4.48 billion in its first quarter.

On a per-share basis, the Houston-based company said it had a loss of $11.86. Losses, adjusted for asset impairment costs and non-recurring costs, came to 13 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The oil and natural gas producer posted revenue of $1.28 billion in the period, which met Street forecasts.

Apache shares have declined 55% since the beginning of the year, while the Standard & Poor's 500 index has decreased 12%. In the final minutes of trading on Wednesday, shares hit $11.61, a fall of 62% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APA at https://www.zacks.com/ap/APA