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Cobalt International Energy's Q3 In Line with Estimates

By: MT Newswires
Posted: 10/30/2012 8:01:00 AM
Referenced Stocks: CIE

Cobalt International Energy, Inc. ( CIE ) reported third quarter 2012 net loss of $39 million, or $0.10 per basic and diluted share, compared to consensus estimate of $0.10 per share loss. In the same period last year, net loss was $47 million, or $0.12 per basic and diluted share.

Total expenditures (excluding changes in working capital) for the quarter were approximately $129 million. These expenditures are consistent with previously announced 2012 estimated total expenditures of between $550 and $650 million.