Gulfport Energy Corp. (GPOR) Tuesday reported first-quarter profit of $44.56 million or $0.61 per share, up from $26.87 million or $0.48 per share in the same period last year.
Adjusted earnings for the quarter was $7.1 million or $0.10 per share. On average, 19 analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $55.0 million from $65.46 million last year. Analysts expected revenues of $57.99 million.
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