DALLAS — Berry Petroleum Corp. (BRY) on Tuesday reported a loss of $12.9 million in its second quarter.
The Dallas-based company said it had a loss of 16 cents per share. Losses, adjusted for non-recurring costs, came to 8 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The independent upstream energy company posted revenue of $99.2 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $109.3 million.
Berry Petroleum shares have risen 61% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.91, a rise of 24% 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 BRY at https://www.zacks.com/ap/BRY