| Concho Resources tops 1Q profit forecasts | |
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MIDLAND, Texas (AP) _ Concho Resources Inc. (CXO) on Monday reported first-quarter profit of $7.5 million.
On a per-share basis, the Midland, Texas-based company said it had profit of 6 cents. Earnings, adjusted for non-recurring costs, were 36 cents per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The independent oil and gas company posted revenue of $413.5 million in the period, which did not meet Street forecasts. Nine analysts surveyed by Zacks expected $534.2 million.
Concho Resources shares have increased 27 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $126.74, a decrease of almost 4 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXO at http://www.zacks.com/ap/CXO
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Keywords: Concho Resources, Earnings Report
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Concho Resources is a exploration company based in United states of america. Concho Resources is listed in United States of America. Its market capitalisation is US$ 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. |