EOG Resources (EOG) announced earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $1.463 billion, or $2.65 per share. This compares with $1.789 billion, or $3.10 per share, last year.
Excluding items, EOG Resources reported adjusted earnings of $1.586 billion or $2.87 per share for the period.
Analysts on average had expected the company to earn $2.77 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.4% to $5.669 billion from $6.123 billion last year.
EOG Resources earnings at a glance (GAAP) :
-Earnings: $1.463 Bln. vs. $1.789 Bln. last year.
-EPS: $2.65 vs. $3.10 last year.
-Revenue: $5.669 Bln vs. $6.123 Bln last year.
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