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Concho Resources, Inc. (NYSE:CXO) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 8.57% to $0.96 in the quarter versus EPS of $1.05 in the year-earlier quarter. Revenue decreased 0.19% to $477.5 million from the year-earlier quarter.
Concho Resources, Inc. reported adjusted EPS income of $0.96 per share. By that measure, the company beat the mean analyst estimate of $0.94. It missed the average revenue estimate of $525.08 million.
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