CALGARY, Alberta (AP) _ Cenovus Energy Inc. (CVE) on Thursday reported a second-quarter loss of $169.5 million, after reporting a profit in the same period a year earlier.
The Calgary, Alberta-based company said it had a loss of 14 cents per share. Losses, adjusted for non-recurring gains, were 25 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.
The oil company posted revenue of $1.57 billion in the period.
The company's shares closed at $4.97. A year ago, they were trading at $9.55.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVE at https://www.zacks.com/ap/CVE
The Associated Press
