Halcón Resources Corporation Q2 Earnings Advance 323%

(RTTNews) - Halcón Resources Corporation (HK) released a profit for its second quarter that gained ground from last year.

The company said its bottom line climbed to $37.67 million, or $0.26 per share. This was higher than $8.90 million, or $0.08 per share, in last year's second quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 36.8% to $106.15 million. This was down from $168.02 million last year.

Halcón Resources Corporation earnings at a glance:

-Earnings (Q2): $37.67 Mln. vs. $8.90 Mln. last year. -Earnings Growth (Y-o-Y): 323.3% -EPS (Q2): $0.26 vs. $0.08 last year. -EPS Growth (Y-o-Y): 225.0% -Analysts Estimate: $0.09 -Revenue (Q2): $106.15 Mln vs. $168.02 Mln last year. -Revenue Change (Y-o-Y): -36.8%