Investing.com - APA Corp reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
APA Corp announced earnings per share of $1.29 on revenue of $2.4B. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $1.93B.
APA Corp shares are up 19% from the beginning of the year and are trading at $32.16 , down-from-52-week-high.They are outperforming the S&P 500 which is down 8.76% from the start of the year.
APA Corp follows other major Energy sector earnings this month
APA Corp's report follows an earnings beat by Exxon Mobil on February 1, who reported EPS of $2.05 on revenue of $84.97B, compared to forecasts EPS of $1.94 on revenue of $85.01B.
Chevron had missed expectations on January 28 with fourth quarter EPS of $2.56 on revenue of $48.13B, compared to forecast for EPS of $3.13 on revenue of $45.34B.
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