McMoRan Exploration Co. (NYSE: MMR) narrowed third quarter losses to 26 cents per share from 60 cents per share last year but the results fell short of analyst expectations prompting the company to lower its full year production guidance. Shares of the oil and gas company tumbled $2.19 to $16.25.
McMoRan Lowers Production Guidance
October 18, 2010 at 13:36 PM EDT
