Evolution Petroleum: Fiscal Second Quarter Earnings Overview
Evolution Petroleum Reports Second Quarter Financial Results
Evolution Petroleum Corp., headquartered in Houston, announced on Tuesday that it earned $1.1 million during its fiscal second quarter.
The company’s earnings translated to 3 cents per share. After excluding one-time gains, the adjusted earnings were less than 1 cent per share.
According to a survey of three analysts by Zacks Investment Research, the consensus estimate was for the company to break even on a per-share basis.
During the quarter, Evolution Petroleum generated $20.7 million in revenue, which fell short of analysts’ expectations. Zacks had projected revenue of $21.8 million based on input from three analysts.
This article was produced by Automated Insights using information from Zacks Investment Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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