Berry Petroleum Co. (BRY) said its third-quarter net income plunged to $19.01 million or $0.41 per share from $53.35 million or $1.16 per share a year earlier. Adjusted net income for the latest quarter was $15.7 million or $0.34 per share. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.29 for the quarter. Analysts' estimate typically excludes one-time items.
Total revenues for the quarter dipped to $143.45 million from $227.03 million in the comparable period. Four analysts estimated revenues of $133.81 million for the quarter.
While the company is finalizing its 2010 capital plans, capital spending for 2010 is expected to range between $220 million and $260 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.