Kosmos Energy Ltd. (KOS) revealed a profit for third quarter that decreased from last year in line with the Street estimates.
The company's bottom line totaled $44.974 million, or $0.09 per share. This compares with $85.185 million, or $0.18 per share, in last year's third quarter.
Excluding items, Kosmos Energy Ltd. reported adjusted earnings of $37.602 million or $0.08 per share for the period.
Analysts on average had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 22.5% to $407.831 million from $526.546 million last year.
Kosmos Energy Ltd. earnings at a glance (GAAP) :
-Earnings (Q3): $44.974 Mln. vs. $85.185 Mln. last year.
-EPS (Q3): $0.09 vs. $0.18 last year.
-Revenue (Q3): $407.831 Mln vs. $526.546 Mln last year.
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