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Encana misses 3Q profit forecasts

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.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ECA at https://www.zacks.com/ap/ECA