IRVING, Texas (AP) _ Pioneer Natural Resources Co. (PXD) on Monday reported second-quarter net income of $380 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Irving, Texas-based company said it had net income of $1.54. Earnings, adjusted for non-recurring costs, were $2.55 per share.

The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.62 per share.

The independent oil and gas company posted revenue of $3.42 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $3.52 billion.

Pioneer Natural Resources shares have increased 25% since the beginning of the year, while the S&P's 500 index has climbed 17%. In the final minutes of trading on Monday, shares hit $142.35, a rise of 47% 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 PXD at https://www.zacks.com/ap/PXD

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