Approach Resources (AREX) Reports Q1 Earnings
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Approach Resources (Nasdaq: AREX) reports Q1 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter was $10.1 million, versus the consensus of $13.70 million.
(EBITDAX (a non-GAAP measure) decreased 45% to $8.3 million, or $0.40 per diluted share)
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