01.08.2013 23:27:20
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Approach Resources Q2 Profit Shrinks - Quick Facts
(RTTNews) - Approach Resources, Inc. (AREX) Thursday reported second-quarter profit of $7.8 million or $0.20 per share, down from $7.9 million or $0.23 per share in the same period last year.
Adjusted earnings for the quarter was $5 million or $0.13 per share. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $42.3 million from $29.9 million last year. Analysts expected revenues of $41.84 million.
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