CNX Resources reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
CNX Resources announced earnings per share of $-1.76 on revenue of $416.4M. Analysts polled by anticipated EPS of $0.14 on revenue of $386.64M. That with comparison to EPS of $0.35 on revenue of $278.43M in the same period a year before. CNX Resources had reported EPS of $0.12 on revenue of $508.99M in the previous quarter. Analysts are expecting EPS of $0.05 and revenue of $356.61M in the upcoming quarter.
CNX Resources shares are up 29.94% from the beginning of the year , still down 18.79% from its 52 week high of $14.16 set on April 21. They are outperforming the EUR/USD which is down 0% year to date.
CNX Resources follows other major Energy sector earnings this month
CNX Resources's report follows an earnings missed by ENI ADR on Friday, who reported EPS of $0.04 on revenue of $15B, compared to forecasts EPS of $0.17 on revenue of $14.45B.
Schlumberger had matched expectations on April 17 with first quarter EPS of $0.25 on revenue of $7.46B, compared to forecast for EPS of $0.25 on revenue of $7.53B.
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