QEP Resources Inc. (QEP) Tuesday reported first-quarter net loss attributable to the company of $4.3 million or $0.02 per share, compared to a net income of $155.2 million or $0.87 per share last year.
Adjusted income attributable to the company dropped to $49.4 million or $0.28 per share from $78.1 million or $0.44 per share in the prior-year quarter. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the latest first quarter rose to $996.5 million from $603.2 million in the year-ago quarter, while nine analysts had a consensus revenue estimate of $712.30 million for the quarter.
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