HOUSTON — Halcon Resources Corp. (HK) on Wednesday reported a third-quarter loss of $81.8 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of 52 cents per share. Losses, adjusted for non-recurring costs, came to 6 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The independent energy company posted revenue of $61.6 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $55.1 million.
In the final minutes of trading on Wednesday, the company’s shares hit $3.82. A year ago, they were trading at $6.85.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HK at https://www.zacks.com/ap/HK