Laredo Petroleum -8.6% after Q2 results lag Street views

Laredo Petroleum (LPI -8.6%) is sharply lower after reporting Q2 earnings and revenue that trailed analyst forecasts.

Q2 revenue rose 3.2% Y/Y to $183M but fell short of estimates; LPI said it produced a quarterly record 28,653 boe/day during the quarter, up 13% Y/Y.

Completed 19 horizontal wells during Q2, 15 of which were drilled as stacked laterals on multi-well pads.

Sees FY 2014 production of 11.1M-11.7M boe.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs