IOC huge miss on revenue
1:36AM InterOil misses by $0.19, misses on revenue (IOC) 60.10 : Reports Q1 (Mar) net loss of $0.07 per share, $0.19 worse than Thomson-Reuters consensus of $0.12; revenue increased 10.61% year/year to $178.82 mln vs $225.03 mln consensus. Corporate refining and downstream distribution operating businesses derived a net profit for the quarter of $4.0 million, while the upstream and midstream liquefaction development businesses realized a net loss of $7.1 million. EBITDA for the quarter was $4.9 million, compared with $10.9 million in the same quarter of 2009,
IOC up today?!?!? Looks like some uninformed buyers. Time to short again.
km