Callon Petroleum Earnings: Here’s Why Shares are Up Now
Callon Petroleum Co. (NYSE:CPE) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.35%.
Callon Petroleum Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $0.00 in the quarter versus EPS of $0.01 in the year-earlier quarter.
Revenue: Decreased 23.18% to $22.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Callon Petroleum Co. reported adjusted EPS of $0 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It missed the average revenue estimate of $23.15 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…