Investors Ride 5 Earnings Rollercoaster Rides Including ION Geophysical

ION Geophysical Corporation (NYSE:IO) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased to $0.0 in the quarter versus EPS of $0.08 in the year-earlier quarter. Revenue Rose 14.93% to $120.92 million from the year-earlier quarter.

ION Geophysical Corporation reported adjusted EPS loss of $0 per share. By that measure, the company missed the mean analyst estimate of $0.07. It missed the average revenue estimate of $127.48 million.

IO-2013819

Concho Resources, Inc. (NYSE:CXO) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share increased 25.64% to $0.98 in the quarter versus EPS of $0.78 in the year-earlier quarter. Revenue Rose 30.04% to $562.8 million from the year-earlier quarter.

Concho Resources, Inc. reported adjusted EPS income of $0.98 per share. By that measure, the company missed the mean analyst estimate of $1.00. It beat the average revenue estimate of $559.4 million.

CXO-2013819

Transocean Ltd. (NYSE:RIG) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 50% to $1.08 in the quarter versus EPS of $0.72 in the year-earlier quarter. Revenue Decreased 6.91% to $2.4 billion from the year-earlier quarter.

Transocean Ltd. reported adjusted EPS income of $1.08 per share. By that measure, the company met the mean analyst estimate of $1.08. It missed the average revenue estimate of $2.4 billion.

RIG-2013819

MarkWest Energy Partners LP (NYSE:MWE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 62.59% to $0.55 in the quarter versus EPS of $1.47 in the year-earlier quarter. Revenue Decreased 6.93% to $415.12 million from the year-earlier quarter.

MarkWest Energy Partners LP reported adjusted EPS income of $0.55 per share. By that measure, the company beat the mean analyst estimate of $0.22. It missed the average revenue estimate of $435.68 million.

MWE-2013819

Warren Resources Inc. (NASDAQ:WRES) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 85.71% to $0.13 in the quarter versus EPS of $0.07 in the year-earlier quarter. Revenue Rose 1.72% to $30.7 million from the year-earlier quarter.

Warren Resources Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.06. It missed the average revenue estimate of $31.44 million.

WRES-2013819

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