Antero Resources: Q3 Earnings Snapshot
DENVER (AP) — DENVER (AP) — Antero Resources Corp. (AR) on Wednesday reported third-quarter earnings of $17.8 million.
On a per-share basis, the Denver-based company said it had profit of 6 cents. Earnings, adjusted for non-recurring costs, came to 8 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The oil and natural gas producer posted revenue of $1.13 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.14 billion.
Antero Resources shares have declined slightly more than 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28.12, a drop of 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AR at https://www.zacks.com/ap/AR
