Markets

Cabot Oil & Gas Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - Cabot Oil & Gas Corp. (COG) revealed a profit for third quarter that decreased from the same period last year.

The company's earnings came in at $90.36 million, or $0.22 per share. This compares with $122.34 million, or $0.28 per share, in last year's third quarter.

Excluding items, Cabot Oil & Gas Corp. reported adjusted earnings of $119.66 million or $0.29 per share for the period.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 21.3% to $429.11 million from $545.17 million last year.

Cabot Oil & Gas Corp. earnings at a glance:

-Earnings (Q3): $119.66 Mln. vs. $108.93 Mln. last year. -EPS (Q3): $0.29 vs. $0.25 last year. -Analysts Estimate: $0.27 -Revenue (Q3): $429.11 Mln vs. $545.17 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More