Cabot Oil & Gas Q3 Profit Lags Market Estimates

Oct. 26, 2011 05:49PM PST

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.

Click here to read the full Reuters report