| Anadarko Petroleum beats Street 2Q forecasts | |
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THE WOODLANDS, Texas (AP) -- Anadarko Petroleum Corp. on Tuesday reported second-quarter profit of $61 million.
The company, based in The Woodlands, Texas, said it had profit of 12 cents per share. Earnings, adjusted for non-recurring gains, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.
The oil company posted revenue of $2.64 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $2.57 billion.
Anadarko Petroleum shares have decreased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 2 percent. Its shares climbed 4 percent for the day to close at $72.85 Tuesday.
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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APC at http://www.zacks.com/ap/APC
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Keywords: Anadarko Petroleum, Earnings Report
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Anadarko
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CODE : APC |
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ISIN : US0325111070 |
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Anadarko is a exploration company based in Canada. Anadarko is listed in Germany and in United States of America. Its market capitalisation is US$ 38.6 billions as of today (€ 34.5 billions). Its stock quote reached its lowest recent point on May 12, 1995 at US$ 10.00, and its highest recent level on May 23, 2014 at US$ 99.93. Anadarko has 531 000 000 shares outstanding. |