NEW YORK (AP) _ Hess Corp. (HES) on Thursday reported first-quarter net income of $32 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had net income of 9 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The oil and gas producer posted revenue of $1.6 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.47 billion.
Hess shares have risen 63 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent. The stock has climbed 14 percent 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 HES at https://www.zacks.com/ap/HES
Automated Insights, source Associated Press News