EXCO Resources Q2 Profit Plunges

(RTTNews) - EXCO Resources Inc. (XCO) reported a second-quarter net income of $2.3 million or $0.01 per share, compared to $85.6 million or $0.40 per share, previous year.

Adjusted net income for the latest second quarter was $7.3 million or $0.03 per share, down from $20.9 million or $0.10 per share in the comparable quarter last year.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.04 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $182.97 million from $150.33 million, while five analysts expected revenue of $177.88 million for the quarter.