Comstock: 2Q Earnings Snapshot

Comstock: 2Q Earnings Snapshot

Associated Press
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FRISCO, Texas (AP) _ Comstock Resources Inc. (CRK) on Wednesday reported a loss of $34 million in its second quarter.

On a per-share basis, the Frisco, Texas-based company said it had a loss of $2.22. Losses, adjusted for non-recurring costs, came to 78 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 79 cents per share.

The oil and gas company posted revenue of $61.4 million in the period.

Comstock shares have risen 7 percent since the beginning of the year. The stock has risen 42 percent 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 CRK at https://www.zacks.com/ap/CRK

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