LONDON (AP) — LONDON (AP) — BP PLC (BP) on Tuesday reported third-quarter net income of $4.86 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the London-based company said it had profit of $1.66. Earnings, adjusted for non-recurring gains, came to $1.15 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The oil and gas company posted revenue of $54.02 billion in the period.
BP shares have risen roughly 10% since the beginning of the year. The stock has risen 16% in the last 12 months.
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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 BP at https://www.zacks.com/ap/BP