Investing.com - Concho Resources (NYSE:CXO) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.13 on revenue of $474M. Analysts polled by Investing.com expected EPS of $0.57 on revenue of $796.42M. .
Concho Resources shares lost 1.49% to trade at $52.10 in after-hours trade following the report.
Concho Resources shares lost 1.49% to trade at $52.10 in after-hours trade following the report.
For the year, Concho Resources shares are down 39.6%, under-performing the S&P 500 which is up 0.86% year to date.
Concho Resources follows other major Energy sector earnings this month
On Friday, Equinor ADR reported second quarter EPS of $0.2 on revenue of $8.04B, compared to forecasts of EPS of $-0.01 on revenue of $9.02B.
Schlumberger earnings beat analyst's expectations on Friday, with second quarter EPS of $0.05 on revenue of $5.36B. Investing.com analysts expected EPS of $-0.01 on revenue of $5.37B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar