DENVER (AP) _ Emerald Oil Inc. (EOX) on Monday reported third-quarter net income of $13.7 million.
The Denver-based company said it had profit of 16 cents per share. Earnings, adjusted for non-recurring gains, were 7 cents per share.
The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.
The independent oil and gas company posted revenue of $39.9 million in the period, beating Street forecasts. Analysts expected $32.3 million, according to Zacks.
In the final minutes of trading on Monday, the company's shares hit $2.88. A year ago, they were trading at $8.26.
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This story was generated by Automated Insights using data from Zacks Investment Research. EOX stock research report from Zacks.
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Keywords:Emerald Oil,Earnings Report
