Cimarex Energy Co. (NYSE:XEC) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Cimarex Energy Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 15.87% to $1.06 in the quarter versus EPS of $1.26 in the year-earlier quarter.
Revenue: Rose 0.79% to $426.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cimarex Energy Co. reported adjusted EPS income of $1.06 per share. By that measure, the company missed the mean analyst estimate of $1.08. It missed the average revenue estimate of $429.19 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…