Hess Corporation (HES) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $542 million, or $1.76 per share. This compares with $413 million, or $1.34 per share, last year.
Excluding items, Hess Corporation reported adjusted earnings of $542 million or $1.76 per share for the period.
Analysts on average had expected the company to earn $1.47 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.3% to $3.225 billion from $3.035 billion last year.
Hess Corporation earnings at a glance (GAAP) :
-Earnings: $542 Mln. vs. $413 Mln. last year.-EPS: $1.76 vs. $1.34 last year.-Revenue: $3.225 Bln vs. $3.035 Bln last year.
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