Berry Corporation (Bry) reports results for the quarter ended June 30 - Earnings Summary
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Berry Corporation (Bry) reported breakeven results per share for the quarter ended June 30, lower than last year's EPS of 18 cents. Revenue increased by 6.2% to $210.08 million, surpassing analyst expectations of $155.33 million. The company reported a net income of $33.6 million and an EPS of 43 cents. Despite a 6.5% rise in shares this quarter, they have lost 28.6% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $4.50, 34.4% above the last closing price of $2.95.
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