National Fuel Gas Co (NFG) reported that its fourth-quarter net income available for common stock decreased to $26.998 million or $0.33 per share from $43.266 million or $0.52 per share last year.
Operating results were $29.784 million or $0.36 per share compared to $43.266 million or $0.52 per share last year.
On average, 8 analysts polled by Thomson Reuters expected the company to report profit of $0.39 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues decreased to $278.933 million from $397.858 million last year. Analysts expected revenue of $361.50 million for the quarter.
The company revised its GAAP earnings guidance for fiscal 2010 to a range of $2.30-$2.65 per share. The previous guidance range was $2.30-$2.60.
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