Southwestern Energy Co. Q4 Profit Increases, but misses estimates

Southwestern Energy Co. (SWN) revealed earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $2.90 billion, or $2.63 per share. This compares with $2.36 billion, or $2.31 per share, in last year's fourth quarter.

Excluding items, Southwestern Energy Co. reported adjusted earnings of $287 million or $0.26 per share for the period.

Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.6% to $3.38 billion from $2.95 billion last year.

Southwestern Energy Co. earnings at a glance (GAAP) :

-Earnings (Q4): $2.90 Bln. vs. $2.36 Bln. last year.
-EPS (Q4): $2.63 vs. $2.31 last year.
-Analyst Estimate: $0.27
-Revenue (Q4): $3.38 Bln vs. $2.95 Bln last year.

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