EOG Resources Q2 Profit Decreases, But Beats Estimates

(RTTNews) - EOG Resources (EOG) released earnings for second quarter that Decreased from last year but beat the Street estimates.

The company's earnings totaled $1.345 billion, or $2.46 per share. This compares with $1.690 billion, or $2.95 per share, last year.

Excluding items, EOG Resources reported adjusted earnings of $1.268 billion or $2.32 per share for the period.

Analysts on average had expected the company to earn $2.20 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 9.1% to $5.478 billion from $6.025 billion last year.

EOG Resources earnings at a glance (GAAP) :

-Earnings: $1.345 Bln. vs. $1.690 Bln. last year. -EPS: $2.46 vs. $2.95 last year. -Revenue: $5.478 Bln vs. $6.025 Bln last year.