Plus   Neg

Continental Resources Inc. Q3 adjusted earnings Beat Estimates

Continental Resources Inc. (CLR) released a profit for its third quarter that climbed from last year.

The company's bottom line came in at $314.17 million, or $0.84 per share. This compares with $10.62 million, or $0.03 per share, in last year's third quarter.

Excluding items, Continental Resources Inc. reported adjusted earnings of $337.02 million or $0.90 per share for the period.

Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 75.3% to $1.28 billion from $0.73 billion last year.

Continental Resources Inc. earnings at a glance:

-Earnings (Q3): $337.02 Mln. vs. $32.16 Mln. last year.
-EPS (Q3): $0.90 vs. $0.09 last year.
-Analysts Estimate: $0.82
-Revenue (Q3): $1.28 Bln vs. $0.73 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT