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Continental Resources Inc. Q1 adjusted earnings Beat Estimates

Continental Resources Inc. (CLR) revealed a profit for first quarter that dropped from last year.

The company's profit totaled $186.98 million, or $0.50 per share. This compares with $233.95 million, or $0.63 per share, in last year's first quarter.

Excluding items, Continental Resources Inc. reported adjusted earnings of $216.61 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.8% to $1.12 billion from $1.14 billion last year.

Continental Resources Inc. earnings at a glance:

-Earnings (Q1): $216.61 Mln. vs. $255.14 Mln. last year.
-EPS (Q1): $0.58 vs. $0.68 last year.
-Analysts Estimate: $0.48
-Revenue (Q1): $1.12 Bln vs. $1.14 Bln last year.

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