February 19, 2019 / 10:05 PM / 10 months ago

Concho Resources misses profit estimates, shares fall

Feb 19 (Reuters) - Concho Resources Inc reported quarterly profit that missed Wall Street estimates on Tuesday, sending shares of the shale firm lower.

Oil and gas firms have been under pressure from investors to pull back on spending and deliver higher returns. Concho said in a news release that “capital discipline and moderating activity” would help it generate more cash this year.

Reporting by Jennifer Hiller in Houston Editing by Matthew Lewis

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