Ithaca Energy reported second-quarter earnings that missed analyst expectations, with adjusted earnings per share of $0.04 compared with an $0.08 forecast. The London-listed oil producer also posted revenue of $811.1 million, below the $912.4 million consensus estimate.
The company’s stock closed at $251.60 on Tuesday, up 3.2% over the past three months and 32.4% year-over-year. The latest results follow mixed revisions to earnings forecasts over the prior 90 days.
Ithaca Energy’s Financial Health score, as rated by InvestingPro, remains in the "great performance" category. The company did not provide updated guidance in the release.
