Benzinga | Aug 5, 2020 05:55PM EDT

Laredo Petroleum Q2 EPS $2.43 Beats $1.72 Estimate, Sales $110.59M Miss $172.88M Estimate

Laredo Petroleum (NYSE:LPI) reported quarterly earnings of $2.43 per share which beat the analyst consensus estimate of $1.72 by 41.28 percent. This is a 912.5 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $110.59 million which missed the analyst consensus estimate of $172.88 million by 36.03 percent. This is a 48.95 percent decrease over sales of $216.64 million the same period last year.