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Comstock: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

FRISCO, Texas (AP) — FRISCO, Texas (AP) — Comstock Resources Inc. (CRK) on Tuesday reported a loss of $126.3 million in its second quarter.

The Frisco, Texas-based company said it had a loss of 43 cents per share. Losses, adjusted for one-time gains and costs, came to 20 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The oil and gas company posted revenue of $246.8 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $284.9 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 CRK at https://www.zacks.com/ap/CRK