(C) Reuters. EOG Resources Earnings Miss, Revenue Beats In Q1
EOG Resources announced earnings per share of $0.55 on revenue of $4.72B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $3.94B. That with comparison to EPS of $1.19 on revenue of $4.06B in the same period a year before. EOG Resources had reported EPS of $1.35 on revenue of $4.32B in the previous quarter. Analysts are expecting EPS of $0.04 and revenue of $3.26B in the upcoming quarter.
EOG Resources shares are down 42.32% from the beginning of the year , still down 49.81% from its 52 week high of $96.25 set on May 16, 2019. They are under-performing the S&P 500 which is down 11.2% year to date.
EOG Resources shares lost 5.92% in after-hours trade following the report.
EOG Resources’s report follows an earnings beat by Exxon Mobil on May 1, who reported EPS of $0.53 on revenue of $56.16B, compared to forecasts EPS of $0.01 on revenue of $53.53B.
Chevron had beat expectations on May 1 with first quarter EPS of $1.29 on revenue of $31.5B, compared to forecast for EPS of $0.65 on revenue of $29.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
EOG Resources Earnings Miss, Revenue Beats In Q1
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