HOUSTON (AP) _ EOG Resources Inc. (EOG) on Thursday reported second-quarter net income of $847.8 million.
On a per-share basis, the Houston-based company said it had net income of $1.46. Earnings, adjusted for non-recurring gains, were $1.31 per share.
The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The oil and gas company posted revenue of $4.7 billion in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $4.4 billion.
EOG Resources shares have decreased 7% since the beginning of the year, while the Standard & Poor's 500 index has increased 18%. In the final minutes of trading on Thursday, shares hit $80.96, a decrease of 36% 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 EOG at https://www.zacks.com/ap/EOG
Automated Insights, source Associated Press News