Carrizo: 3Q Earnings Snapshot
HOUSTON (AP) _ Carrizo Oil & Gas Inc. (CRZO) on Monday reported third-quarter net income of $108.3 million.
The Houston-based company said it had profit of $1.11 per share. Earnings, adjusted for non-recurring gains, were 69 cents per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The energy company posted revenue of $257 million in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $261.7 million.
Carrizo shares have dropped 33% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.56, a decrease of 57% in the last 12 months.