QEP Resources, Inc. Earnings Fall 99% In Q3

(RTTNews) - QEP Resources, Inc. (QEP) revealed a profit for third quarter that lost ground from last year.

The company said its earnings totaled $1.0 million, or $0.01 per share. This was lower than $75.5 million, or $0.41 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 41.0% to $536.7 million. This was down from $910.0 million last year.

QEP Resources, Inc. earnings at a glance:

-Earnings (Q3): $1.0 Mln. vs. $75.5 Mln. last year. -Earnings Decline (Y-o-Y): -98.7% -EPS (Q3): $0.01 vs. $0.41 last year. -EPS Decline (Y-o-Y): -97.6% -Analysts Estimate: -$0.10 -Revenue (Q3): $536.7 Mln vs. $910.0 Mln last year. -Revenue Change (Y-o-Y): -41.0%