The company reported a net loss of $4.61 million, or 2 cents a share, compared to a profit of $158.12 million, or 74 cents a share, in the same period one year earlier. Adjusted net income was $11.9 million, or 5 cents a share. Revenue increased year over year to $198.47 million from $138.22 million.
Analysts polled by Thomson Reuters expected the profit of 3 cents a share on revenue of $192.41 million.
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The stock was up 2.78% to $6.28 at 11:15 a.m.
Separately, TheStreet Ratings team rates EXCO RESOURCES INC as a "sell" with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate EXCO RESOURCES INC (XCO) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, generally high debt management risk, premium valuation and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: