NEWS
05/03/2016 02:27 EDT | Updated 05/04/2017 01:12 EDT

Encana reports 1st-quarter loss, misses expectations

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 per cent since the beginning of the year. The stock has fallen 48 per cent in the last 12 months.

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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 ECA at http://www.zacks.com/ap/ECA

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Keywords: Encana, Earnings Report