Investing.com - Pioneer Natural reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.77 on revenue of $2.44B. Analysts polled by Investing.com forecast EPS of $1.44 on revenue of $2.74B. .
Pioneer Natural shares lost 27.87% to trade at $114.36 in after-hours trade following the report.
For the year, Pioneer Natural shares are up 6%, broadly in line with the Nasdaq which is up 5.78% year to date.
Pioneer Natural follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported first quarter EPS of $0.65 on revenue of $59.15B, compared to forecasts of EPS of $0.5989 on revenue of $56.38B.
Chevron earnings beat analyst's expectations on Friday, with first quarter EPS of $0.9 on revenue of $32.03B. Investing.com analysts expected EPS of $0.8875 on revenue of $32.54B
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