Ovintiv: Q2 Earnings Snapshot
DENVER (AP) _ Ovintiv Inc. (OVV) on Wednesday reported second-quarter net income of $1.36 billion.
On a per-share basis, the Denver-based company said it had profit of $5.21. Earnings, adjusted for non-recurring gains, came to $2.42 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.69 per share.
The energy company posted revenue of $3.74 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $2.66 billion.