| 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 $106.78, a drop of 27 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXO at http://www.zacks.com/ap/CXO
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Keywords: Concho Resources, Earnings Report
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Concho Resources est une société d’exploration minière basée aux Etats-Unis D'Amerique. Concho Resources est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 9,6 milliards US$ (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. |