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HOUSTON (AP) — HOUSTON (AP) — Callon Petroleum Co. (CPE) on Wednesday reported first-quarter earnings of $220.6 million.
The Houston-based company said it had profit of $3.57 per share. Earnings, adjusted for non-recurring gains, were $1.94 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The independent oil and gas company posted revenue of $560 million in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $529.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CPE">Zacks stock report on CPE at https://www.zacks.com/ap/CPE