ConocoPhillips (COP) Shares Slump Following Q1 Miss
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Price: $134.87 -0.01%
Financial Fact:
Foreign currency transaction (gains) losses: 13M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Foreign currency transaction (gains) losses: 13M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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ConocoPhillips (NYSE: COP) shares are trading lower Wednesday morning following a first-quarter earnings miss from the energy giant.
Net income for the quarter was $3.03 billion, or $2.09 per share, a 44 percent increase from $2.10 billion reported for the same period last year. Adjusting for a gain an asset sales, net income was $2.634 billion, or $1.82 per share, which missed consensus EPS of $1.95.
Conoco said production in the quarter fell by about 125,000 barrels per day to 1.7 million.
ConocoPhillips' shares are 2.4 percent lower this morning.
Net income for the quarter was $3.03 billion, or $2.09 per share, a 44 percent increase from $2.10 billion reported for the same period last year. Adjusting for a gain an asset sales, net income was $2.634 billion, or $1.82 per share, which missed consensus EPS of $1.95.
Conoco said production in the quarter fell by about 125,000 barrels per day to 1.7 million.
ConocoPhillips' shares are 2.4 percent lower this morning.
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