$PED

1 story mentioning PEDUpdated 55d ago

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Pedevco Q1 Swings to Loss, Revenue Rises

Pedevco (PED) reported a Q1 loss late Thursday of $3.28 per diluted share, swinging from earnings $0.03 a year earlier.The company said the loss was primarily driven by a $31.3 million non-cash net loss on derivative contracts.Revenue for the quarter ended March 31 was $40.2 million, up from $8.7 million a year earlier.Two analysts surveyed by FactSet expected $37.7 million.

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