Cabot Oil & Gas Corp. Q3 adjusted earnings Miss Estimates

(RTTNews) - Cabot Oil & Gas Corp. (COG) revealed earnings for its third quarter that increased from the same period last year.

The company's profit came in at $122.34 million, or $0.28 per share. This compares with $17.59 million, or $0.04 per share, in last year's third quarter.

Excluding items, Cabot Oil & Gas Corp. reported adjusted earnings of $108.93 million or $0.25 per share for the period.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 41.4% to $545.17 million from $385.42 million last year.

Cabot Oil & Gas Corp. earnings at a glance:

-Earnings (Q3): $108.93 Mln. vs. $31.97 Mln. last year. -EPS (Q3): $0.25 vs. $0.07 last year. -Analysts Estimate: $0.28 -Revenue (Q3): $545.17 Mln vs. $385.42 Mln last year.