DENVER (AP) _ Ovintiv Inc. (OVV) on Thursday reported first-quarter net income of $421 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Denver-based company said it had net income of $1.62. Earnings, adjusted for non-recurring gains, were 10 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The energy company posted revenue of $2.64 billion in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $1.58 billion.

Ovintiv shares have decreased 77% since the beginning of the year. The stock has fallen 84% 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 OVV at https://www.zacks.com/ap/OVV

Automated Insights, source Associated Press News