UPDATE: Apache Posts Upbeat Q3 Profit
Apache (NYSE: APA) reported a better-than-expected third-quarter profit.
Apache's quarterly profit surged to $300 million, or $0.75 per share, versus a year-ago profit of $161 million, or $0.41 per share. Excluding items, it earned $2.32 per share, beating analysts' estimates of $2.15 per share.
Apache shares closed at $88.45 yesterday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.