Callon: Q3 Earnings Snapshot

Associated Press Finance
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HOUSTON (AP) — HOUSTON (AP) — Callon Petroleum Co. (CPE) on Wednesday reported third-quarter earnings of $119.5 million.

The Houston-based company said it had profit of $1.75 per share. Earnings, adjusted for non-recurring costs, came to $1.82 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.

The independent oil and gas company posted revenue of $619.3 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $573.4 million.

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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 CPE at https://www.zacks.com/ap/CPE

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