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Berry Shares Slip After Q2 Results

Aug 9, 2024 9:45 AM

12:23 PM EDT, 08/09/2024 (MT Newswires) -- Berry (BRY) shares were down about 1.8% in midday Friday trading after the upstream energy company reported Q2 adjusted earnings of $0.18 per share, up from $0.15 a year earlier.

Analysts polled by Capital IQ expected $0.20.

Revenue for the quarter ended June 30 was $197.8 million, down from $229.4 million a year earlier.

Three analysts surveyed by Capital IQ expected $177.2 million.

The company maintained a fixed dividend of $0.12 per share, and also declared a variable dividend of $0.05 per share. Both are payable Aug. 20 to shareholders as of Aug. 12.

Price: 5.95, Change: -0.11, Percent Change: -1.75

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