HOUSTON (AP) _ Apache Corp. (APA) on Wednesday reported a loss of $397 million in its second quarter.

On a per-share basis, the Houston-based company said it had a loss of $1.02. Losses, adjusted for non-recurring costs, came to 74 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 99 cents per share.

The oil and natural gas producer posted revenue of $752 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $701 million.

Apache shares have decreased 47% since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 1%. In the final minutes of trading on Wednesday, shares hit $13.65, a decline of 41% 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 APA at https://www.zacks.com/ap/APA

Automated Insights, source Associated Press News