Laredo Petroleum Inc. (LPI) on Thursday reported third-quarter earnings of $337.5 million
TULSA, Okla. (AP) _ Laredo Petroleum Inc. (LPI) on Thursday reported third-quarter earnings of $337.5 million.
On a per-share basis, the Tulsa, Oklahoma-based company said it had profit of $20.08. Earnings, adjusted for non-recurring gains, came to $5.30 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $6.53 per share.
The oil and natural gas company posted revenue of $464.1 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $350.8 million.
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