Investing.com - Laredo Petroleum reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Laredo Petroleum announced earnings per share of $5.30 on revenue of $464.11M. Analysts polled by Investing.com anticipated EPS of $6.78 on revenue of $411.71M.
Laredo Petroleum shares are down 12% from the beginning of the year , still down 46.35% from its 52 week high of $120.86 set on Wednesday, June 8, 2022.
Laredo Petroleum shares lost 1.30% in after-hours trade the report.
Laredo Petroleum follows other major Energy sector earnings this month
Laredo Petroleum's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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