HOUSTON (AP) — HOUSTON (AP) — Cheniere Energy Inc. (LNG) on Thursday reported a loss of $3.5 billion in its first quarter.
The Houston-based company said it had a loss of $16.65 per share. Earnings, adjusted for non-recurring costs, came to $4.77 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.91 per share.
The natural gas company posted revenue of $5.87 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $5.7 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 LNG at https://www.zacks.com/ap/LNG
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