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Reuters reported that Cabot Oil and Gas Corp.’s (NYSE:COG) third quarter profit is lagging due to decrease in commodity prices and elevated exploration costs.
Reuters reported that Cabot Oil and Gas Corp.’s (NYSE:COG) third quarter profit is lagging due to decrease in commodity prices and elevated exploration costs.
As quoted in the market news:
For the July-September period, the company’s net income was $28.5 million, or 27 cents a share, compared with 3.9 million, or 4 cents a share, a year earlier. Excluding items, the company reported a profit of 34 cents a share.
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