Quicksilver Resources Inc. (NYSE:KWK) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Quicksilver Resources Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.01 in the quarter versus EPS of $0.00 in the year-earlier quarter.
Revenue: Decreased 19.72% to $179.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Quicksilver Resources Inc. reported adjusted EPS loss of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.01. It beat the average revenue estimate of $168.69 million.
Quoting Management: “Our top priorities are to improve liquidity through asset sales, joint ventures and other measures, further reduce the overall company cost structure, and match capital spending to operational cash flow,” said Glenn Darden, Quicksilver’s President and Chief Executive Officer. “We are progressing on all of these objectives, which should make us a stronger company, able to operate more efficiently and effectively in the current market environment and beyond.”
Key Stats (on next page)…