GMX Resources Misses Estimates (GMXR)

GMX Resources, Inc.

announced on Tuesday morning that it missed consensus Wall Street estimates. GMX Resources, Inc reported 3rd quarter net income of $2.2 million, or 8 cents per share, compared to a net loss of $2.5 million, or 12 cents per share, a year earlier. Excluding special items, the company's earnings came in at 3 cents per share. The company reported revenue of $24.83 million, up from $23.08 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 6 cents per share, on revenue of $26.73 million. GMX Resources, Inc. (

) closed the previous trading day at $4.46 per share. Analysts covering the company's stock give it a consensus price target of $7.04 per share. Read more