FRISCO, Texas (AP) _ Comstock Resources Inc. (CRK) on Tuesday reported a first-quarter loss of $134.1 million, after reporting a profit in the same period a year earlier.
The Frisco, Texas-based company said it had a loss of 60 cents per share. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The oil and gas company posted revenue of $340.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $294.5 million.
Comstock shares have increased 30% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.68, a decline of 25% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRK at https://www.zacks.com/ap/CRK
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