Ovintiv: Q1 Earnings Snapshot
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.