EOG Resources Earnings: Here’s Why the Stock is Rising Now
EOG Resources, Inc. (NYSE:EOG) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.34%.
EOG Resources, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 0% to $1.17 in the quarter versus EPS of $1.17 in the year-earlier quarter.
Revenue: Rose 19.59% to $3.36 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: EOG Resources, Inc. reported adjusted EPS income of $1.17 per share. By that measure, the company missed the mean analyst estimate of $1.17. It beat the average revenue estimate of $3.04 billion.
Quoting Management: “During the first quarter, EOG met its goal of again delivering strong financial performance and highly competitive overall returns,” said Mark G. Papa, Chairman and Chief Executive Officer.
Key Stats (on next page)…