FRISCO, Texas (AP) — FRISCO, Texas (AP) — Comstock Resources Inc. (CRK) on Monday reported third-quarter profit of $111.1 million.
On a per-share basis, the Frisco, Texas-based company said it had profit of 40 cents. Earnings, adjusted for non-recurring gains, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The oil and gas company posted revenue of $449.9 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $401.1 million.
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