Forest Oil Corp. (FST) Monday said first-quarter loss widened to $68 million or $0.59 per share from $33 million or $0.29 per share in the same perriod last year.
Adjusted earnings for the quarter was $3.33 million or $0.03 per share. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $118.17 million, down from $158.93 million last year. Analysts expected revenues of $131.75 million.
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