HOUSTON (AP) _ Murphy Oil Corp. (MUR) on Thursday reported second-quarter net income of $350.6 million, after reporting a loss in the same period a year earlier.
The Houston-based company said it had profit of $2.23 per share. Earnings, adjusted for non-recurring gains, came to $1.93 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The oil and gas producer posted revenue of $1.1 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $812.2 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MUR at https://www.zacks.com/ap/MUR