CALGARY, Alberta (AP) _ Imperial Oil Ltd. (IMO) on Friday reported a second-quarter loss of $379.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Calgary, Alberta-based company said it had a loss of 52 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 69 cents per share.
The oil and gas and petroleum products company posted revenue of $2.68 billion in the period.
Imperial Oil shares have fallen 38% since the beginning of the year. The stock has fallen 41% in the last 12 months.
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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 IMO at https://www.zacks.com/ap/IMO
The Associated Press
