SM Energy (SM -9.3%) get smacked after its Q3 earnings came up short of estimates due to lower...

|About: SM Energy Company (SM)|By:, SA News Editor

SM Energy (SM -9.3%) get smacked after its Q3 earnings came up short of estimates due to lower production and pricing difficulties, as well as higher unit costs. Quarterly production was hampered by continued operational impairments that have plagued the company all year. Overall revenue jumped 65% Y/Y, primarily on gains from asset sales as the company continues to shed its non-core assets.