🔴 Kosmos Energy is trading 12.46% down in pre-market after Q3 revenue and earnings miss

Kosmos Energy is trading at $2.50, down 12.46% in pre-market after Q3 revenue and adjusted earnings missed analyst expectations.

• Q3 revenue was $409.9 million versus analyst expectations of $466.1 million; adjusted earnings were $0.06 per share versus $0.13 expected.
• Results were released before the U.S. market opened on November 2, making the miss a company-specific catalyst for the pre-market decline.
• Production averaged 69,200 boepd, and quarterly free cash flow was $90 million.