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MIDLAND, Texas (AP) _ Concho Resources Inc. (CXO) on Wednesday reported third-quarter earnings of $305.2 million.
On a per-share basis, the Midland, Texas-based company said it had net income of $2.69. Earnings, adjusted for non-recurring gains, came to $1.09 per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The independent oil and gas company posted revenue of $700.3 million in the period, missing Street forecasts. Analysts expected $705.6 million, according to Zacks.
Concho Resources shares have dropped slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $106.49, a decrease of slightly more than 4 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. CXO stock research report from Zacks.
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Keywords:Concho Resources,Earnings Report
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Concho Resources is a exploration company based in United states of america. Concho Resources is listed in United States of America. Its market capitalisation is US$ 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. |