Courtesy of Benzinga.
Anadarko Petroleum (NYSE: APC) released its fiscal first-quarter earnings results after the closing bell on Monday. In late trade, the stock was last unchanged.
Anadarko reported net income of $460 million or $0.91 per share, compared to $2.2 billion or $4.28 per share, in last year’s first-quarter.
On an adjusted basis, which is comparable to analysts’ consensus estimates, net income was $547 million or $1.08 per share, versus $475 million or $0.92 per share, in the year ago period. This easily topped Wall Street consensus EPS estimates of $0.94.
Revenue for the quarter was $3.89 billion from $3.45 billion last year. This also came in ahead of Wall Street consensus sales estimates of $3.49 billion.
Overall, the independent exploration and production company’s Q1 results were strong and the stock may add to recent gains on Tuesday. Over the last year, Anadarko is up 27 percent, including a near 18 percent gain in 2013.
