Concho Resources Q2 Profit Declines - Quick Facts

(RTTNews) - Concho Resources Inc. (CXO) Wednesday reported second-quarter net income of $84.7 million or $0.81 per share, compared to $319.3 million or $3.07 per share in the year-earlier quarter.

On an adjusted basis, earnings were $102.5 million or $0.98 per share, up from $80.5 million or $0.78 per share in the comparable quarter last year.

On average, 33 analysts polled by Thomson Reuters expected the company to earn $1.00 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues were $562.79 million, down from $403.16 million in the prior year, while twenty analysts expected revenues of $559.40 million.