DENVER (AP) — DENVER (AP) — Ovintiv Inc. (OVV) on Thursday reported second-quarter net income of $456 million.
On a per-share basis, the Denver-based company said it had profit of $1.62. Earnings, adjusted for non-recurring costs, were $1.74 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The energy company posted revenue of $3.01 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $2.35 billion.
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