In its initial earnings report for 1Q, 2010, NOG reported net income of 3 cents/share. On May 6, 2010, NOG reported revised earnings of....drum roll, please....4 cents/share. Thirty-three percent (33%) of three is one. Therefore, they were off by thirty-three percent, not twenty-five percent, but either 25% or 33% that's a healthy miscalculation.
I assume one could find the answer to the miscalculation by reading the two earnings statements closely but I don't have time while traveling so will pursue this later, if still interested.
Regardless, NOG continues to be one of several exciting companies in the Bakken.
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