HOUSTON (AP) — HOUSTON (AP) — EOG Resources Inc. (EOG) on Thursday reported first-quarter profit of $2.02 billion.
The Houston-based company said it had profit of $3.45 per share. Earnings, adjusted for non-recurring gains, were $2.69 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The oil and gas company posted revenue of $6.04 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $5.53 billion.
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, source Associated Press News