Arc Resources Ltd (ARX.TO) released earnings for fourth quarter that lost ground compared to the same period last year.
The company said its earnings dropped to C$188.5 million, or C$0.53 per share. This was lower than C$200.7 million, or C$0.58 per share, in last year's fourth quarter.
The company said revenue for the quarter rose 15.7% to C$305.1 million. This was up from C$263.6 million last year.
Arc Resources Ltd earnings at a glance:
-Earnings (Q4): C$188.5 Mln. vs. C$200.7 Mln. last year.-Earnings Decline (Y-o-Y): -6.1%-EPS (Q4): C$0.53 vs. C$0.58 last year.-EPS Decline (Y-o-Y): -8.6%-Revenue (Q4): C$305.1 Mln vs. C$263.6 Mln last year.-Revenue Change (Y-o-Y): 15.7%
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