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

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Gulfport Energy Corp. (NASDAQ:GPOR) delivered a profit 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 2.88%.

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Gulfport Energy Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 79.17% to $0.1 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Decreased 15.98% to $55 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gulfport Energy Corp. reported adjusted EPS income of $0.1 per share. By that measure, the company missed the mean analyst estimate of $0.15. It missed the average revenue estimate of $57.99 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

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