Comstock Resources Q3 Adj $(0.17) Misses $(0.16) Estimate, Sales $304.47M Miss $321.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Comstock Resources reported a Q3 loss of $(0.17) per share, missing the $(0.16) estimate, and sales of $304.47M, below the $321.54M estimate. This marks a significant decline from last year's earnings and sales.
October 30, 2024 | 8:18 pm
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Comstock Resources reported a Q3 loss of $(0.17) per share, missing the $(0.16) estimate, and sales of $304.47M, below the $321.54M estimate. This marks a significant decline from last year's earnings and sales.
The earnings per share and sales figures both missed analyst estimates, indicating weaker than expected financial performance. The significant year-over-year decline in both earnings and sales suggests potential challenges for the company, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100