Hess reports 3Q loss

Markets Associated Press

Hess Corp. (HES) on Wednesday reported a loss of $339 million in its third quarter.

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On a per-share basis, the New York-based company said it had a loss of $1.12.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $1.27 per share.

The oil and gas producer posted revenue of $1.2 billion in the period.

Hess shares have climbed 5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 5 percent. The stock has fallen 13 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 HES at http://www.zacks.com/ap/HES

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Keywords: Hess, Earnings Report