Benzinga | Aug 3, 2020 04:03PM EDT

Diamondback Energy Q2 EPS $(15.17) Down From $2.11 YoY, Sales $425.00M Miss $603.63M Estimate

Diamondback Energy (NASDAQ:FANG) reported quarterly losses of $(15.17) per share. This is a 818.96 percent decrease over earnings of $2.11 per share from the same period last year. The company reported quarterly sales of $425.00 million which missed the analyst consensus estimate of $603.63 million by 29.59 percent. This is a 58.37 percent decrease over sales of $1.02 billion the same period last year.