CALGARY – CALGARY, Alberta (AP) _ Encana Corp. (ECA) on Tuesday reported a loss of $379 million in its first quarter.
The Calgary, Alberta-based company said it had a loss of 45 cents per share. Losses, adjusted for one-time gains and costs, came to 15 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The energy company posted revenue of $753 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $892.2 million.
Encana shares have risen 46 per cent since the beginning of the year. The stock has fallen 48 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 ECA at http://www.zacks.com/ap/ECA
Keywords: Encana, Earnings Report