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CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Imperial Oil Ltd. (IMO) on Friday reported first-quarter net income of $897.2 million.
The Calgary, Alberta-based company said it had profit of $1.75 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The oil and gas and petroleum products company posted revenue of $8.72 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $11.11 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 IMO at https://www.zacks.com/ap/IMO