Coterra Energy Inc. (CTRA) announced a profit for its third quarter that Increased from last year but missed the Street estimates.
The company's earnings came in at $322 million, or $0.42 per share. This compares with $252 million, or $0.34 per share, last year.
Excluding items, Coterra Energy Inc. reported adjusted earnings of $312 million or $0.41 per share for the period.
Analysts on average had expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 33.7% to $1.817 billion from $1.359 billion last year.
Coterra Energy Inc. earnings at a glance (GAAP) :
-Earnings: $322 Mln. vs. $252 Mln. last year.-EPS: $0.42 vs. $0.34 last year.-Revenue: $1.817 Bln vs. $1.359 Bln last year.
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