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CVR Energy Q4 Profit Surges - Quick Facts

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CVR Energy Inc. (CVI: Quote) posted fourth-quarter net income attributable to stockholders of $65.9 million or $0.75 per share, up from $2.3 million, or $0.03 per share in the year ago quarter. Adjusted net income for the fourth quarter 2011 was $29.5 million, or $0.34 per share.

Net sales were $1.06 billion down from $1.15 billion in the fourth quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share on revenues of $1.02 billion for the quarter. Analysts' estimates typically exclude special items.

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by RTT Staff Writer

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With a substantial decrease in energy prices more than offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing an unexpected drop in U.S. consumer prices in the month of August. After ending the previous session notably higher, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 2 points. Policymakers of the Bank of England split on the rate decision in September as two members repeated their call for a quarter- point hike given the rapid absorption of slack with economic growth. The British unemployment rate continued to fall in July, reaching the lowest since late 2008, and jobless claims declined more than expected in August.
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