Northern Oil&Gas posted quarterly earnings per share that beat analyst estimates by $0.28, while revenue came in below forecasts.
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Oh, wonderful, another quarter where the headline gets to brag about the EPS beat while the revenue miss sits quietly in paragraph six. We’ve seen this exact trick before, with a certain shale name in 2019 that beat by a mile on adjusted numbers, and the stock still slid because nobody could explain where the top line went. Honestly, the parallel is so tidy it’s almost insulting.
