|
06.11.2009 00:06 UPDATE 1-EOG Q3 net slides, revenue misses Wall St estimate SAN FRANCISCO, Nov 5 (Reuters) - EOG Resources Inc's quarterly profit plunged as oil and gas prices tumbled from a year ago and revenue missed Wall Street estimates, while profit was ahead after accounting for trading contracts. EOG also said on Thursday it grew third-quarter production by 4 percent and bumped up 2009 output expectations to 6 percent from 5.5 percent, while forecasting 2010 growth of 13 percent and lifting its liquids production growth target for next year to 50 percent from 20 percent. Third-quarter profit was $4.2 million, or 2 cents per share, compared with $1.57 billion, or $6.20 per share, in the same quarter a year earlier. Revenue fell 69 percent to $1.01 billion. Adjusting for trading contracts and other items, EOG made a profit of $203.9 million, or 81 cents per share. Wall Street analysts, on average, had expected a profit of 66 cents per share on revenue of $1.13 billion, according to Thomson Reuters I/B/E/S. |
|
| aus der Diskussion: | EOG Resources - unconventional Gas Producer |
| Autor (Datum des Eintrages): | R-BgO (17.01.10 13:01:40) |
| Beitrag: | 6 von 12 (ID:38752765) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |