logo
Share SHARE
FONT-SIZE Plus   Neg

EXCO Resources Q4 Loss Widens - Quick Facts

EXCO Resources Inc. (XCO) reported fourth-quarter net loss of $166.65 million or $0.78 per share, wider than $72.85 million or $0.34 per share in the prior year quarter.

Adjusted net income for the quarter was $19.2 million or $0.09 per share, down from $24.3 million or $0.11 per share in the comparable quarter last year. On average, 15 analysts polled by Thomson Reuters expected earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude one-time items.

Oil and natural gas revenues for the quarter was $178.87 million, compared to $134.90 million last year, while nine analysts estimated revenues of $225.49 million for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Royal Bank of Scotland plans to cut 880 jobs from its IT department in London by 2020, a UK labor union reported. Britain's Unite union claimed on Tuesday that the bank informed its staff about a further 40 percent cut of permanent IT jobs, which is said to be part of ongoing deep cost-cutting at the taxpayer-owned bank. The bank also plans a 65 percent reduction of contractors. Discount-store operator Target, Inc. on Wednesday lifted its fiscal 2017 forecast for earnings and comparable sales after reporting higher comps in its second quarter. Net earnings in the quarter declined, while earnings from continuing operations increased with higher sales. Adjusted earnings per share as well as top line beat analysts' estimates. In pre-market, Target shares were up 6.4 percent. Shares of A.P. Moller-Maersk A/S were gaining around 4 percent in the morning trading in Denmark after the shipping and oil company maintained its forecast for higher profit in fiscal 2017, despite the expected negative impact from the June cyber-attack of up to $300 million. In its second quarter, the company slipped to a loss, compared to profit last year.
comments powered by Disqus
Follow RTT