| Concho Resources reports 2Q loss | |
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MIDLAND, Texas (AP) _ Concho Resources Inc. (CXO) on Tuesday reported a loss of $265.7 million in its second quarter.
On a per-share basis, the Midland, Texas-based company said it had a loss of $2.04. Earnings, adjusted for non-recurring costs, were 26 cents per share.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The independent oil and gas company posted revenue of $396.3 million in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $490.5 million.
Concho Resources shares have increased 31 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $121.29, a climb of 16 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXO at http://www.zacks.com/ap/CXO
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Keywords: Concho Resources, Earnings Report
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Concho Resources is a exploration company based in United states of america. Concho Resources is listed in United States of America. Its market capitalisation is US$ 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. |