This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance 2009-11-06 05:00 ET - News Release OKLAHOMA CITY, Nov. 6, 2009 (GLOBE NEWSWIRE) -- GMX Resources Inc. (Nasdaq:GMXR) (visit www.gmxresources.com to view the most recent Company presentation and for more information on the Company) today reported financial and operating results for the third quarter and nine months ended September 30, 2009 and updated 2009 through 2011 guidance.
Financial Results for the Three Months Ended September 30, 2009
GMXR reported a net loss of $2.8 million for the three months ended September 30, 2009 as compared to 2008's third quarter net income of $9.6 million. Diluted loss per share for the three months ended September 30, 2009 was $0.19 per share compared to net income of $0.50 per share for the three months ended September 30, 2008. Adjusted net income available to common shareholders, a non-GAAP measure adjusting for unrealized derivative losses and income tax valuation allowances, was $1.6 million, or $0.08 per share, for the third quarter of 2009 and is calculated as follows:
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