| Concho Resources reports 2Q loss | |
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MIDLAND, Texas (AP) _ Concho Resources Inc. (CXO) on Wednesday reported a second-quarter loss of $120.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Midland, Texas-based company said it had a loss of $1.02. Earnings, adjusted for non-recurring costs, came to 38 cents per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The independent oil and gas company posted revenue of $537.4 million in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $607.6 million.
Concho Resources shares have climbed 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $106.78, a drop of 27 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXO at http://www.zacks.com/ap/CXO
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Keywords: Concho Resources, Earnings Report
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Concho Resources is a exploration company based in United states of america. Concho Resources is listed in United States of America. Its market capitalisation is US$ 9.6 billions as of today (€ 7.9 billions). Its stock quote reached its highest recent level on July 05, 2019 at US$ 99.97, and its lowest recent point on January 15, 2021 at US$ 65.60. Concho Resources has 146 059 000 shares outstanding. |