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
Sobeys Inc. is cutting 800 jobs across Canada as part of the grocery store chain's efforts to cut costs and streamline its organization. Sobeys is Canada's second-largest grocery chain behind Loblaw Companies Ltd. The job cuts come as Sobeys, like others in the industry, grapple with stiff competition from rivals, higher costs and technological change. This year's holiday shopping season has got off to a strong start. Online shoppers spent $1.52 billion on Thanksgiving Day, with smartphones accounting for 46 percent of all traffic to U.S. retail websites, according to Adobe Analytics data. The $1.52 billion in online spend by Thanksgiving evening represents 16.8 percent growth from last year, according to the data. Shares of thyssenKrupp AG were gaining around 2 percent in the morning trading in Germany after the steel giant Thursday said it expects clearly positive net income and significantly higher adjusted EBIT, a key earnings metric, in fiscal 2018. This was after reporting higher adjusted EBIT, sales and order intake in its fiscal 2017, despite a net loss due to charges.
comments powered by Disqus
Follow RTT