Cheniere Energy: 3Q Earnings Snapshot
HOUSTON (AP) _ Cheniere Energy Inc. (LNG) on Thursday reported third-quarter net income of $65 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Houston-based company said it had profit of 26 cents.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The natural gas company posted revenue of $1.82 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $1.5 billion.
Cheniere Energy shares have climbed 15 percent since the beginning of the year. The stock has increased 24 percent in the last 12 months.