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BP: 1Q Earnings Snapshot

LONDON (AP) _ BP PLC (BP) on Tuesday reported a first-quarter loss of $4.37 billion, after reporting a profit in the same period a year earlier.

The London-based company said it had a loss of $1.30 per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The oil and gas company posted revenue of $59.54 billion in the period.

BP shares have dropped 36% since the beginning of the year. The stock has decreased 45% 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 BP at https://www.zacks.com/ap/BP