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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 $121.29, a climb of 16 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXO at http://www.zacks.com/ap/CXO
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Keywords: Concho Resources, Earnings Report
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Concho Resources est une société d’exploration minière basée aux Etats-Unis D'Amerique. Concho Resources est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 9,6 milliards US$ (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. |