Halcón Resources Corporation Reports 95% Increase In Q3 Profit

(RTTNews) - Halcón Resources Corporation (HK) reported earnings for its third quarter that climbed from last year.

The company said its bottom line advanced to $21.18 million, or $0.04 per share. This was higher than $10.87 million, or $0.03 per share, in last year's third quarter.

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

The company said revenue for the quarter fell 57.6% to $129.94 million. This was down from $306.51 million last year.

Halcón Resources Corporation earnings at a glance:

-Earnings (Q3): $21.18 Mln. vs. $10.87 Mln. last year. -Earnings Growth (Y-o-Y): 94.8% -EPS (Q3): $0.04 vs. $0.03 last year. -EPS Growth (Y-o-Y): 33.3% -Analysts Estimate: $0.01 -Revenue (Q3): $129.94 Mln vs. $306.51 Mln last year. -Revenue Change (Y-o-Y): -57.6%