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Carrizo: 1Q Earnings Snapshot

HOUSTON (AP) _ Carrizo Oil & Gas Inc. (CRZO) on Monday reported first-quarter earnings of $27.5 million.

On a per-share basis, the Houston-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring costs, were 48 cents per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The energy company posted revenue of $225.3 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $201.8 million.

Carrizo shares have decreased 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.40, a decrease of 19 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRZO at https://www.zacks.com/ap/CRZO