Cimarex Energy Co. Q2 Income Retreats 51%

(RTTNews) - Cimarex Energy Co. (XEC) released earnings for second quarter that decreased compared to the same period last year.

The company said its bottom line dropped to $6.99 million, or $0.07 per share. This was lower than $14.40 million, or $0.15 per share, in last year's second quarter.

Analysts had expected the company to earn $0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cimarex Energy Co. earnings at a glance:

-Earnings (Q2): $6.99 Mln. vs. $14.40 Mln. last year. -Earnings Decline (Y-o-Y): -51.5% -EPS (Q2): $0.07 vs. $0.15 last year. -EPS Decline (Y-o-Y): -53.3% -Analysts Estimate: $0.01