HAMILTON, Bermuda (AP) _ Golar LNG Ltd. (GLNG) on Wednesday reported a loss of $73.8 million in its second quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 73 cents. Losses, adjusted for non-recurring costs, were 51 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The operator of carriers for natural gas shipping posted revenue of $28.4 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $17 million.
Golar LNG shares have dropped nearly 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.97, a rise of almost 4 percent in the last 12 months.
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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 GLNG at https://www.zacks.com/ap/GLNG
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Keywords: Golar LNG, Earnings Report
