| Goodrich Petroleum reports 4Q loss | |
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HOUSTON (AP) _ Goodrich Petroleum Corp. (GDP) on Friday reported a loss of $225.8 million in its fourth quarter.
The Houston-based company said it had a loss of $5.23 per share. Losses, adjusted for one-time gains and costs, came to 47 cents per share.
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.
The independent oil and gas company posted revenue of $48.6 million in the period, which also did not meet Street forecasts. Analysts expected $57 million, according to Zacks.
For the year, the company reported that its loss widened to $353.1 million, or $8.62 per share. Revenue was reported as $208.6 million.
The company's shares closed at $4.24. A year ago, they were trading at $12.79.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDP at http://www.zacks.com/ap/GDP
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Keywords: Goodrich Petroleum, Earnings Report
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Goodrich Petroleum Corporation
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CODE : GDP |
ISIN : US3824104059 |
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Goodrich Petroleum est une société d’exploration minière de pétrole basée aux Etats-Unis D'Amerique. |