Diamondback Energy (FANG) Surpasses Q1 Earnings and Revenue Estimates

Diamondback Energy (FANG) came out with quarterly earnings of $4.54 per share, beating the Zacks Consensus Estimate of$ 4.09 per share. This compares to earnings of $4.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11%. A quarter ago, it was expected that this energy exploration and production company would post earnings of$ 3.26 per share when it actually produced earnings of $3.64, delivering a surprise of 11.66%.Over th ...