Investing.com - Concho Resources (NYSE:CXO) reported first quarter earnings that missed analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.72 on revenue of $1.1B. Analysts polled by Investing.com forecast EPS of $0.78 on revenue of $1.07B. That compared to EPS of $1 on revenue of $947M in the same period a year earlier. The company had reported EPS of $0.94 on revenue of $1.07B in the previous quarter.
Concho Resources shares gained 0.07% to trade at $115.38 in after-hours trade following the report.
Concho Resources shares gained 0.07% to trade at $115.38 in after-hours trade following the report.
For the year, Concho Resources shares are up 12.17%, under-performing the S&P 500 which is up 18.94% year to date.
Concho Resources follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported first quarter EPS of $0.55 on revenue of $63.63B, compared to forecasts of EPS of $0.7 on revenue of $63B.
Chevron earnings beat analyst's expectations on Friday, with first quarter EPS of $1.32 on revenue of $35.2B. Investing.com analysts expected EPS of $1.3 on revenue of $38.42B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar