Petrohawk Energy Earnings: Here’s Why Investors are Not Happy Now
Petrohawk Energy Corporation (NYSE:HK) 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 7.36%.
Petrohawk Energy Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.05 in the quarter versus EPS of $ in the year-earlier quarter.
Revenue: Rose 609.71% to $190.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Petrohawk Energy Corporation reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…