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Evolution Petroleum: Fiscal Q4 Earnings Snapshot
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HOUSTON (AP) — HOUSTON (AP) — Evolution Petroleum Corp. (EPM) on Tuesday reported fiscal fourth-quarter profit of $4.6 million.

The Houston-based company said it had net income of 13 cents per share. Losses, adjusted for non-recurring gains, came to 2 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The oil and gas company posted revenue of $24.2 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $23.6 million.

For the year, the company reported a loss of $2.4 million, or 8 cents per share. Revenue was reported as $86.3 million.

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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 EPM at https://www.zacks.com/ap/EPM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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