Investing.com - Independence Contract Drilling reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Independence Contract Drilling announced earnings per share of $-0.720 on revenue of $49.15M. Analysts polled by Investing.com anticipated EPS of $-0.100 on revenue of $47.47M.
Independence Contract Drilling shares are down 21% from the beginning of the year , still down 41.76% from its 52 week high of $7.40 set on Tuesday, March 8, 2022.
Independence Contract Drilling follows other major Energy sector earnings this month
Independence Contract Drilling's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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