Benzinga | Aug 4, 2021 05:02PM EDT

Laredo Petroleum Q2 EPS $1.71 Misses $2.94 Estimate, Sales $294.37M Beat $223.88M Estimate

Laredo Petroleum (NYSE:LPI) reported quarterly earnings of $1.71 per share which missed the analyst consensus estimate of $2.94 by 41.84 percent. This is a 29.63 percent decrease over earnings of $2.43 per share from the same period last year. The company reported quarterly sales of $294.37 million which beat the analyst consensus estimate of $223.88 million by 31.49 percent. This is a 166.19 percent increase over sales of $110.59 million the same period last year.