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El Paso Q4 Net Profit Soars, Adj. EPS Up 40% - Quick Facts

2/27/2012 8:11 AM ET

El Paso Corp. (EP: Quote) reported a surge in its fourth-quarter 2011 net income attributable to EPC common stockholders to $185 million, or $0.24 per share from $62 million, or $0.09 per share a year earlier.

Adjusting for impacts of E&P financial derivatives and other items, quarterly adjusted earnings per share were $0.28, a 40 percent increase from $0.20 in the prior-year quarter. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.29 for the quarter. Analysts' estimates typically exclude one-time items.

E&P production volumes for the latest quarter went up 11 percent from last year, averaging 880 million cubic feet equivalent per day or MMcfe/d, including 59 MMcfe/d of Four Star unconsolidated affiliate volumes.

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by RTT Staff Writer

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Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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