Although the market doesn't seem impressed by the feats, QEP Resources (QEP) managed to grow the top line considerably while swinging to a profit in its Q3. For the period, the company's total revenues were $773 million, considerably more than the $542 million in the same period the previous year. The attributable bottom line was in the black at $37.3 million ($0.21 per diluted share), against a Q3 2012 loss of $3.1 million ($0.02).
Much of the quarter's gains came from the energy division, which increased its crude oil production by 83% on a year-over-year basis.
Analysts, however, had been expecting better. On average, their projections anticipated revenue of $850 million and EPS of $0.40.
At the moment, the company's stock is trading down by 3%, or $0.99, to $32.28.
