Hess Corporation (HES) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $972 million, or $3.16 per share. This compares with $346 million, or $1.13 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.9% to $3.34 billion from $3.04 billion last year.
Hess Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $972 Mln. vs. $346 Mln. last year.
-EPS (Q1): $3.16 vs. $1.13 last year.
-Revenue (Q1): $3.34 Bln vs. $3.04 Bln last year.
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