Laredo Petroleum Posts Loss In Q1 - Quick Facts

(RTTNews) - Laredo Petroleum, Inc. (LPI) reported a first-quarter net loss to stockholders of $0.2 million, or breakeven per share, compared to profit of $1.41 million or $0.01 per share, last year. Adjusted net income for the first quarter of 2014 was $69.0 million, or $0.49 per share.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.14 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $173.31 million from $163.70 million. Analysts expected revenue of $172.63 million, for the quarter.