Goodrich Petroleum Earnings: Here’s Why the Stock is Falling Now
Goodrich Petroleum Corp. (NYSE:GDP) 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 down 1.55%.
Goodrich Petroleum Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.63 in the quarter versus EPS of $-0.21 in the year-earlier quarter.
Revenue: Rose 17.29% to $48.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Goodrich Petroleum Corp. reported adjusted EPS loss of $0.63 per share. By that measure, the company beat the mean analyst estimate of $-0.65. It missed the average revenue estimate of $57.4 million.
Key Stats (on next page)…