Interoil Corp. (IOC) reported that its third-quarter net income was US$7.89 million or US$0.18 per share, compared to US$9.23 million or US$0.22 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of US$0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter were US$173.60 million, down from US$263.73 million in the prior year quarter. Three analysts had consensus revenue estimate of US$135.43 million for the quarter.
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