Monday, Comstock Resources Inc. (CRK) reported a fourth-quarter net loss of $6.8 million or $0.15 per share, compared to a loss of $96.4 million or $2.09 per share in the same quarter last year.
On average, 27 analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Oil and gas sales for the quarter was $90.20 million, down from $100.15 million in the comparable quarter last year. Analysts expected the company to report revenue of $87.50 million for the quarter.
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