logo
Share SHARE
FONT-SIZE Plus   Neg

Anadarko Petroleum Q1 Profit Surges - Quick Facts

Anadarko Petroleum Corp. (APC) announced first-quarter 2012 net income attributable to common stockholders of $2.156 billion or $4.28 per share, up from $216 million or $0.43 per share in the same quarter last year.

The latest quarter results included certain items typically excluded by the investment community in published estimates. In total, these items increased net income by approximately $1.681 billion, or $3.36 per share on an after-tax basis.

Adjusted net income was $475 million or $0.92 per share, compared to $366 million or $0.73 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.83 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $3.447 billion from $3.253 billion in the prior year quarter. Twenty analysts had consensus revenue estimate of $3.42 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
We are well into the third quarter and past the middle of the year and it is time to take stock of regulatory decisions awaiting some biotech stocks in August. Despite the uncertain macroeconomic environment, the markets have run up, with the S&P 500 Index making new highs session after session. Valuation concerns may keep traders at bay. However, the biotech space is a different cup of tea. Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the second quarter, driven mostly by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations, sending shares of the company up by 3 percent... Apple Inc. (AAPL) has announced that it recently sold its 1 billionth iPhone, about nine years after the first iPhone was launched. "iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential...
comments powered by Disqus
Follow RTT