APA Corporation (APA) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $347 million, or $0.96 per share. This compares with $132 million, or $0.44 per share, last year.
Excluding items, APA Corporation reported adjusted earnings of $559 million or $1.06 per share for the period.
Analysts on average had expected the company to earn $0.82 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 37.3% to $2.612 billion from $1.903 billion last year.
APA Corporation earnings at a glance (GAAP) :
-Earnings: $347 Mln. vs. $132 Mln. last year.-EPS: $0.96 vs. $0.44 last year.-Revenue: $2.612 Bln vs. $1.903 Bln last year.
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