Wednesday, Murphy Oil Corp. (MUR) reported fourth-quarter net income of $318.8 million or $1.65 per share, compared to net income of $127.4 million or $0.67 per share in the same quarter last year.
Excluding items, income for the fourth quarter was $164.8 million, up 29% from the year ago quarter.
On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.85 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter increased to $5.87 billion from $4.41 billion in the comparable quarter last year. Analysts expected the company to report revenue of $3.93 billion for the quarter.
Looking ahead to the first quarter, the company expected earnings in the range of $0.80 - $0.95 per share. Analysts currently anticipate the company to earn $1.20 per share for the quarter.
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