FX Energy Earnings: Here’s Why the Stock is Down Now
FX Energy Inc. (NASDAQ:FXEN) had a loss and missed Wall Street’s expectations, AND 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 down 1%.
FX Energy Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.20 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Decreased 4.43% to $8.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: FX Energy Inc. reported adjusted EPS loss of $0.20 per share. By that measure, the company missed the mean analyst estimate of $-0.01. It missed the average revenue estimate of $9.13 million.
Key Stats (on next page)…