Apache Corp. Q2 adjusted earnings of $0.50 per share

Apache Corp. (APA) revealed earnings for second quarter that dropped from the same period last year.

The company’s earnings totaled $195 million, or $0.51 per share. This compares with $572 million, or $1.50 per share, in last year’s second quarter.

Excluding items, Apache Corp. reported adjusted earnings of $192 million or $0.50 per share for the period.

The company’s revenue for the quarter rose 43.7% to $1.94 billion from $1.35 billion last year.

Apache Corp. earnings at a glance:

-Earnings (Q2): $192 Mln. vs. -$79 Mln. last year.
-EPS (Q2): $0.50 vs. -$0.21 last year.
-Revenue (Q2): $1.94 Bln vs. $1.35 Bln last year.

by RTTNews Staff Writer

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