CALGARY, Alberta (AP) _ Encana Corp. (ECA) on Tuesday reported a loss of $379 million in its first quarter.
The Calgary, Alberta-based company said it had a loss of 45 cents per share. Losses, adjusted for one-time gains and costs, came to 15 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The energy company posted revenue of $753 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $892.2 million.
Encana shares have risen 46
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ECA at http://www.zacks.com/ap/ECA
Keywords: Encana, Earnings Report