HOUSTON (AP) — HOUSTON (AP) — W&T Offshore Inc. (WTI) on Tuesday reported third-quarter net income of $2.1 million.
The Houston-based company said it had profit of 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The independent oil and gas company posted revenue of $142.4 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $136.3 million.
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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 WTI at https://www.zacks.com/ap/WTI
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