Investing.com - CNX Resources (NYSE:CNX) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CNX Resources announced earnings per share of $0.79 on revenue of $520M. Analysts polled by Investing.com anticipated EPS of $0.6008 on revenue of $509.19M.
CNX Resources shares are down 21% from the beginning of the year, still down 9.34% from its 52 week high of $23.33 set on April 18. They are under-performing the AEX which is down 10.51% from the start of the year.
CNX Resources follows other major Energy sector earnings this month
CNX Resources's report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $2.07 on revenue of $90.5B, compared to forecasts EPS of $2.23 on revenue of $81.3B.
Chevron had missed expectations on Friday with first quarter EPS of $3.36 on revenue of $54.37B, compared to forecast for EPS of $3.43 on revenue of $50.65B.
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