IRVING, Texas (AP) — IRVING, Texas (AP) — Pioneer Natural Resources Co. (PXD) on Thursday reported third-quarter net income of $1.3 billion.
On a per-share basis, the Irving, Texas-based company said it had net income of $5.41. Earnings, adjusted for non-recurring costs, came to $5.83 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $5.53 per share.
The independent oil and gas company posted revenue of $5 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $5.23 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 PXD at https://www.zacks.com/ap/PXD
