Investing.com - Concho Resources (NYSE:CXO) reported fourth quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.94 on revenue of $1.07B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $1.19B. That compared to EPS of $0.66 on revenue of $780M in the same period a year earlier. The company had reported EPS of $1.42 on revenue of $1.19B in the previous quarter.
Concho Resources shares lost 4.96% to trade at $115.00 in after-hours trade following the report.
Concho Resources shares lost 4.96% to trade at $115.00 in after-hours trade following the report.
For the year, Concho Resources shares are up 17.72%, outperforming the S&P 500 which is up 12.22% year to date.
Concho Resources follows other major Energy sector earnings this month
On Friday, February 1, 2019, Exxon Mobil reported fourth quarter EPS of $1.29 on revenue of $71.9B, compared to forecasts of EPS of $1.08 on revenue of $72.53B.
Royal Dutch Shell B ADR earnings beat analyst's expectations on Thursday, January 31, 2019, with fourth quarter EPS of $1.38 on revenue of $102.23B. Investing.com analysts expected EPS of $1.27 on revenue of $92.55B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar