Gulfport Energy Earnings: Here’s Why Shares are Down Now

Gulfport Energy Corp. (NASDAQ:GPOR) delivered a profit and beat 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 down 1.8%.

Gulfport Energy Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 24.44% to $0.56 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Rose 6.18% to $70.43 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gulfport Energy Corp. reported adjusted EPS income of $0.56 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $66.8 million.

Key Stats (on next page)…