Gulfport Energy Corp. (NASDAQ:GPOR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Gulfport Energy Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 42.37% to $0.34 in the quarter versus EPS of $0.59 in the year-earlier quarter.
Revenue: Decreased 17.91% to $56.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Gulfport Energy Corp. reported adjusted EPS income of $0.34 per share. By that measure, the company beat the mean analyst estimate of $0.18. It missed the average revenue estimate of $57.08 million.
Quoting Management: There was no comment from management.
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