Skip to main content
You have permission to edit this article.
Edit
Penn Virginia: Q1 Earnings Snapshot
AP

Penn Virginia: Q1 Earnings Snapshot

  • Updated
  • 0
{{featured_button_text}}

HOUSTON (AP) — Penn Virginia Corporation (PVAC) on Tuesday reported a first-quarter loss of $13.6 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 89 cents. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The company posted revenue of $88.6 million in the period.

Penn Virginia shares have increased 34% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.64, more than doubling 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 PVAC at https://www.zacks.com/ap/PVAC

Copyright by Automated Insights, Inc. All rights reserved.

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

A father’s gift to his son is keeping the doors open at one of Damascus’ favorite eateries. When Damascus resident Nelson Diggs learned that Mojo’s Trailside Café & Coffee House was up for sale a few months ago, he sent a text to his son, Bobby Diggs, asking him if he’d like to operate his own restaurant.

Recommended for you

Welcome to the Conversation

No name-calling, personal insults or threats. No attacks based on race, gender, ethnicity, etc. No writing with your caps lock on – it's screaming. Keep on topic and under 1,500 characters. No profanity or vulgarity. Stay G- or PG-rated.

Get up-to-the-minute news sent straight to your device.

Topics

Breaking News

News Alerts