Investing.com - APA Corp reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
APA Corp announced earnings per share of $0.7 on revenue of $1.76B. Analysts polled by Investing.com anticipated EPS of $0.5551 on revenue of $1.5B.
APA Corp shares are up 6% from the beginning of the year, still down 26.92% from its 52 week high of $24.29 set on June 7. They are under-performing the Nasdaq which is up 14.68% from the start of the year.
APA Corp shares gained 1.41% in after-hours trade following the report.
APA Corp follows other major Energy sector earnings this month
APA Corp's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $1.1 on revenue of $67.74B, compared to forecasts EPS of $1.01 on revenue of $64.64B.
Chevron had beat expectations on Friday with second quarter EPS of $1.71 on revenue of $37.6B, compared to forecast for EPS of $1.59 on revenue of $36.33B.
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