Investing.com - Concho Resources (NYSE:CXO) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.43 on revenue of $834M. Analysts polled by Investing.com expected EPS of $1.22 on revenue of $980.18M. .
For the year, Concho Resources shares are down 50.09%, under-performing the S&P 500 which is up 4.95% year to date.
Concho Resources follows other major Energy sector earnings this month
On Tuesday, BP ADR reported third quarter EPS of $0.03 on revenue of $44.2B, compared to forecasts of EPS of $-0.06 on revenue of $41.7B.
Schlumberger earnings beat analyst's expectations on October 16, with third quarter EPS of $0.16 on revenue of $5.26B. Investing.com analysts expected EPS of $0.12 on revenue of $5.4B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar