Investing.com - Concho Resources (NYSE:CXO) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.72 on revenue of $922M. Analysts polled by Investing.com expected EPS of $0.69 on revenue of $1.06B. That compared to EPS of $0.72 on revenue of $1.1B in the same period a year earlier. The company had reported EPS of $1.03 on revenue of $1.25B in the previous quarter.
For the year, Concho Resources shares are down 35.21%, under-performing the S&P 500 which is down 10.34% year to date.
Concho Resources follows other major Energy sector earnings this month
On Thursday, Royal Dutch Shell B ADR reported first quarter EPS of $0.74 on revenue of $60.96B, compared to forecasts of EPS of $0.52 on revenue of $65.15B.
BP ADR earnings matched analyst's expectations on Tuesday, with first quarter EPS of $0.24 on revenue of $59.54B. Investing.com analysts expected EPS of $0.24 on revenue of $48.03B
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