Investing.com - Concho Resources (NYSE:CXO) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.61 on revenue of $1.12B. Analysts polled by Investing.com anticipated EPS of $0.68 on revenue of $1.09B. That compared to EPS of $1.42 on revenue of $1.19B in the same period a year earlier. The company had reported EPS of $0.69 on revenue of $1.13B in the previous quarter.
For the year, Concho Resources shares are down 35.44%, under-performing the S&P 500 which is up 22.66% year to date.
Concho Resources follows other major Energy sector earnings this month
On Tuesday, BP ADR reported third quarter EPS of $0.66 on revenue of $69.29B, compared to forecasts of EPS of $0.59 on revenue of $64.16B.
Petroleo Brasileiro ADR Reptg 2 Pref earnings matched analyst's expectations on Thursday, with third quarter EPS of $0.39 on revenue of $19.41B. Investing.com analysts expected EPS of $0.39 on revenue of $19.4B
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