Plus   Neg

Anadarko Petroleum Q4 adjusted earnings Miss Estimates

Anadarko Petroleum (APC) released earnings for fourth quarter that decreased from last year.

The company's bottom line came in at $102 million, or $0.21 per share. This compares with $976 million, or $1.80 per share, in last year's fourth quarter.

Excluding items, Anadarko Petroleum reported adjusted earnings of $184 million or $0.38 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.3% to $3.35 billion from $2.93 billion last year.

Anadarko Petroleum earnings at a glance:

-Earnings (Q4): $184 Mln. vs. $106 Mln. last year.
-EPS (Q4): $0.38 vs. $0.18 last year.
-Analysts Estimate: $0.61
-Revenue (Q4): $3.35 Bln vs. $2.93 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT