EQT Corporation Announces 94% Drop In Q1 Profit

(RTTNews) - EQT Corporation (EQT) revealed a profit for first quarter that decreased compared to the same period last year.

The company said its profit totaled $10.54 million, or $0.07 per share. This was lower than $163.53 million, or $1.07 per share, in last year's first quarter.

Analysts had expected the company to earn -$0.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 23.7% to $545.07 million. This was down from $714.82 million last year.

EQT Corporation earnings at a glance:

-Earnings (Q1): $10.54 Mln. vs. $163.53 Mln. last year. -Earnings Decline (Y-o-Y): -93.6% -EPS (Q1): $0.07 vs. $1.07 last year. -EPS Decline (Y-o-Y): -93.5% -Analysts Estimate: -$0.02 -Revenue (Q1): $545.07 Mln vs. $714.82 Mln last year. -Revenue Change (Y-o-Y): -23.7%