Comstock Resources (CRK) Misses Q1 EPS by 2c

May 4, 2009 4:26 PM EDT

Comstock Resources, Inc. (NYSE: CRK) reports Q1 loss of $0.12, 2 cents worse than the analyst estimate of ($0.10). Revenue for the quarter was $68.35 million, versus the consensus of $73.69 million.

Comstock also announced that its bank group led by Bank of Montreal has redetermined the Company's borrowing base under its bank revolving credit facility to $550.0 million. At the end of the first quarter, Comstock had $90.0 million outstanding under its bank revolving credit facility.


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