DENVER (AP) — DENVER (AP) — SM Energy Co. (SM) on Thursday reported third-quarter earnings of $240.5 million.
The Denver-based company said it had profit of $2.09 per share. Earnings, adjusted for non-recurring gains, came to $1.62 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The independent oil and gas company posted revenue of $643.6 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $651.1 million.
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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 SM at https://www.zacks.com/ap/SM