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Comstock: 2Q Earnings Snapshot

🕐 1 min read


FRISCO, Texas (AP) _ Comstock Resources Inc. (CRK) on Wednesday reported a second-quarter loss of $49.9 million, after reporting a profit in the same period a year earlier.
The Frisco, Texas-based company said it had a loss of 29 cents per share. Earnings, adjusted for non-recurring costs, came to 1 cent per share.


The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The oil and gas company posted revenue of $179.5 million in the period.
Comstock shares have declined 27% since the beginning of the year. The stock has risen almost 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRK at https://www.zacks.com/ap/CRK

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