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Apache Corp. Q3 adjusted earnings Beat Estimates

Apache Corp. (APA) reported a profit for its third quarter that increased from last year.

The company's profit came in at $81 million, or $0.21 per share. This compares with $63 million, or $0.16 per share, in last year's third quarter.

Excluding items, Apache Corp. reported adjusted earnings of $244 million or $0.63 per share for the period.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Apache Corp. earnings at a glance:

-Earnings (Q3): $244 Mln. vs. $14 Mln. last year.
-EPS (Q3): $0.63 vs. $0.04 last year.
-Analysts Estimate: $0.48

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