Markets

Anadarko Petroleum Beats Street on Q3 EPS, But Misses Some Estimates on Sales

Anadarko Petroleum Corp. ( APC ) yesterday reported Q3 net earnings from continuing operations of $0.84, topping estimates of $0.76. On a GAAP basis, Anadarko reported earnings of 24 cents per share in Q3 versus a loss of $6.12 per share a year earlier. The difference between operating and GAAP earnings during the quarter was due to the impact of certain one-time items, charges and gains, during the quarter.

Revenues for the quarter came in at $3.33 million, missing the Zacks Consensus Estimate of $3.42 billion but surpassing the year-ago figure of $3.19 billion.

APC trades in a 52-week range of $56.42 - $88.70.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos