Comstock: 4Q Earnings Snapshot
FRISCO, Texas (AP) _ Comstock Resources Inc. (CRK) on Thursday reported fourth-quarter net income of $50.3 million, after reporting a loss in the same period a year earlier.
The Frisco, Texas-based company said it had profit of 48 cents per share. Earnings, adjusted for non-recurring gains, came to 35 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The oil and gas company posted revenue of $153.5 million in the period.
Comstock shares have climbed 47 percent since the beginning of the year. The stock has declined 4 percent in the last 12 months.