Highpeak Energy shares drop on profit and revenue miss

HighPeak Energy

14/11/2022 22:42

** HighPeak Energy Inc's shares  HPK.O  fall 8.4% at $22.3
after the bell
    ** HPK reports third-quarter EPS of 85 cents/shr, missing
average analysts' estimate of 90 cents/shr - Refinitiv data
 urn:newsml:reuters.com:*:nGNX6DjJQt
    ** Co has missed profit estimates for 5 previous quarters
    ** Quarterly operating revenue of $204.1 mln, falls short of
estimates of $253.5 mln
    ** Up to Monday's close, stock had risen 66.3% YTD
 (Reporting by Arshreet Singh in Bengaluru)