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Halcon Resources misses Street 3Q forecasts

HOUSTON (AP) _ Halcon Resources Corp. (HK) on Thursday reported third-quarter net income of $419.3 million.

On a per-share basis, the Houston-based company said it had net income of $2.82. Losses, adjusted for non-recurring gains, came to 6 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The independent energy company posted revenue of $97 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $102.8 million.

Halcon Resources shares have decreased 28 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.69, a drop of 27 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HK at https://www.zacks.com/ap/HK