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EOG Resources Q4 adjusted earnings Miss Estimates

EOG Resources (EOG) reported a profit for fourth quarter that dropped from the same period last year.

The company's earnings totaled $892.8 million, or $1.54 per share. This compares with $2430.5 million, or $4.20 per share, in last year's fourth quarter.

Excluding items, EOG Resources reported adjusted earnings of $718.22 million or $1.24 per share for the period.

Analysts had expected the company to earn $1.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 36.8% to $4.57 billion from $3.34 billion last year.

EOG Resources earnings at a glance:

-Earnings (Q4): $718.22 Mln. vs. $400.88 Mln. last year.
-EPS (Q4): $1.24 vs. $0.69 last year.
-Analysts Estimate: $1.35
-Revenue (Q4): $4.57 Bln vs. $3.34 Bln last year.

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