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InterOil (IOC) drops 6% AH after reporting Q3 revenue of $281.9M (+35% Y/Y) and EPS of -$0.41,...
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Monday, November 14, 2011, 5:35 PM ETInterOil (IOC) drops 6% AH after reporting Q3 revenue of $281.9M (+35% Y/Y) and EPS of -$0.41, missing consensus by $47.9M and $0.40. A $15.1M loss in the company's oil production division was primarily responsible for the weak EPS figure. InterOil shares were crushed in September after Papua New Guinea's government drove the company to revise plans for a natural gas project.
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