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NEW YORK (AP) — NEW YORK (AP) — Hess Corp. (HES) on Wednesday reported first-quarter net income of $430 million.
The New York-based company said it had profit of $1.39 per share. Earnings, adjusted for non-recurring costs, were $1.81 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
The oil and gas producer posted revenue of $2.94 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.9 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HES at https://www.zacks.com/ap/HES