LAFAYETTE, La. (AP) _ PetroQuest Energy Inc. (PQ) on Wednesday reported a loss of $3.6 million in its first quarter.
On a per-share basis, the Lafayette, Louisiana-based company said it had a loss of 23 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The independent oil and gas company posted revenue of $20.8 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $2.32. A year ago, they were trading at $2.86.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PQ at https://www.zacks.com/ap/PQ
Keywords: PetroQuest, Earnings Report