CALGARY – CALGARY, Alberta (AP) _ Cenovus Energy Inc. (CVE) on Wednesday reported a loss of $86 million in its first quarter.
The Calgary, Alberta-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring gains, were 36 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The oil company posted revenue of $1.64 billion in the period.
Cenovus shares have risen 21 per cent since the beginning of the year. The stock has declined 21 per cent 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 CVE at http://www.zacks.com/ap/CVE
Keywords: Cenovus Energy, Earnings Report