McMoran Exploration Posts Net Loss for Q1; Shares Off 0.9%
Apr 18, 2011
McMoran Exploration (MMR) an oil and natural gas developer, reported a Q1 net loss today of $27.55 million, or $0.17 per share, compared with $66.16 million, or $0.74 per share, last year.
However, loss for the quarter, at $14.53 million, or $0.16 per share, is lower than last year's $57 million.
Shares are down 0.85% at $17.5 in trading today.
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