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MIDLAND, Texas (AP) _ Concho Resources Inc. (CXO) on Wednesday reported fourth-quarter net income of $129.9 million.
The Midland, Texas-based company said it had net income of $1.15 per share. Earnings, adjusted for one-time gains and costs, came to 88 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The independent oil and gas company posted revenue of $594.2 million in the period, falling short of Street forecasts. Analysts expected $682.6 million, according to Zacks.
For the year, the company reported profit of $538.2 million, or $4.88 per share. Revenue was reported as $2.66 billion.
Concho Resources shares have risen 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $116.78, a drop of 1.5 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXO at http://www.zacks.com/ap/CXO
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Keywords: Concho Resources, Earnings Report
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Concho Resources est une société d’exploration minière basée aux Etats-Unis D'Amerique. Concho Resources est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 9,6 milliards US$ (7,9 milliards €). La valeur de son action a atteint son plus haut niveau récent le 05 juillet 2019 à 99,97 US$, et son plus bas niveau récent le 15 janvier 2021 à 65,60 US$. Concho Resources possède 146 059 000 actions en circulation. |