| 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 $126.74, a decrease of almost 4 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXO at http://www.zacks.com/ap/CXO
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Keywords: Concho Resources, Earnings Report
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Concho Resources est une société d’exploration minière basée aux Etats-Unis D'Amerique. Concho Resources est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 9,6 milliards US$ (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. |