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EXCO Resources Q4 Loss Widens - Quick Facts

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EXCO Resources Inc. (XCO: Quote) reported fourth-quarter net loss of $166.65 million or $0.78 per share, wider than $72.85 million or $0.34 per share in the prior year quarter.

Adjusted net income for the quarter was $19.2 million or $0.09 per share, down from $24.3 million or $0.11 per share in the comparable quarter last year. On average, 15 analysts polled by Thomson Reuters expected earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude one-time items.

Oil and natural gas revenues for the quarter was $178.87 million, compared to $134.90 million last year, while nine analysts estimated revenues of $225.49 million for the quarter.

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by RTT Staff Writer

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After moving sharply lower in early trading on Wednesday, stocks have seen continued weakness over the course of the trading session. Will the pullback, the major averages are adding to the modest losses posted in the two previous sessions. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August. Growth in U.S. manufacturing activity saw a notable slowdown in the month of September, according to a report released by the Institute for Supply Management on Wednesday, with the index of activity in the sector pulling back off a three-year high.
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