I thought Floyd said he was a genius?

HOUSTON (AP) _ Halcon Resources Corp. (HK) on Monday reported a loss of $540 million in its first quarter.

On a per-share basis, the Houston-based company said it had a loss of $4.72. Earnings, adjusted for non-recurring costs, were 21 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The independent energy company posted revenue of $81.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $198.3 million.

In the final minutes of trading on Monday, the company's shares hit 93 cents. A year ago, they were trading at $6.70.