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Ovintiv: Q1 Earnings Snapshot

May 9, 2022 GMT

DENVER (AP) _ Ovintiv Inc. (OVV) on Monday reported a loss of $241 million in its first quarter.

The Denver-based company said it had a loss of 94 cents per share. Earnings, adjusted for non-recurring costs, were $2.17 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.

The energy company posted revenue of $1.97 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $2.42 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OVV at https://www.zacks.com/ap/OVV