CALGARY, Alberta (AP) _ Encana Corp. (ECA) on Wednesday reported third-quarter net income of $294 million.
The Calgary, Alberta-based company said it had profit of 30 cents per share. Earnings, adjusted for non-recurring gains, were 2 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The energy company posted revenue of $861 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $826.8 million.
Encana shares have increased almost 9 percent since the beginning of the year. The stock has risen 25 percent in the last 12 months.