HOUSTON (AP) _ Carrizo Oil & Gas Inc. (CRZO) on Wednesday reported a third-quarter loss of $707.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of $13.73. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The energy company posted revenue of $154 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $141.8 million.
Carrizo shares have declined roughly 6 percent since the beginning of the year. The stock has decreased 23 percent in the last 12 months.
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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 CRZO at http://www.zacks.com/ap/CRZO
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Keywords: Carrizo Oil, Earnings Report