logo
Plus   Neg
Share
Email

CVR Energy Q4 Profit Surges - Quick Facts

CVR Energy Inc. (CVI) 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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Canadian gold miner IAMGOLD Corp. announced a strategic investment in Tradewind Markets, Inc., a financial technology company that uses blockchain to speed up and streamline digital gold trading. The miner did not elaborate on the investment amount, while Tradewind in its statement said it has closed a $10.6 million strategic placement. Bristol-Myers Squibb Co. (BMY) on Thursday increased adjusted earnings guidance for the full-year 2018 to a range of $3.35 to $3.45 per share from the prior range of $3.15 to $3.30 per share. However, the company lowered reported earnings outlook to a range of $2.70 to $2.80 per share from the previously... Snack and beverage giant PepsiCo Inc. (PEP) on Thursday reported an increase in net income for the first quarter, reflecting higher revenues. Both adjusted earnings per share and net revenues for the quarter beat analysts' estimates. The company also reaffirmed its earnings and revenue outlook for...
Follow RTT