Sunoco Inc. (SUN) reported fourth-quarter net income attributable to Sunoco shareholders of $26 million or $0.22 per share, compared to net income attributable to Sunoco shareholders of $204 million or $1.74 per share for the fourth quarter of 2008.
Excluding special items, Sunoco had a loss for the 2009 fourth quarter of $31 million or $0.27 per share, compared to income of $313 million or $2.68 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.26 per share. Analysts' estimates typically exclude special items.
Revenues for the quarter were $8.97 billion, compared to $8.64 billion in the prior year quarter. Three analysts had consensus revenue estimate of $8.31 billion for the quarter.
Sunoco's Board of Directors declared a cash dividend for the first quarter of 2010 of $0.15 per share on all full shares of common stock outstanding, payable March 10, 2010 to shareholders of record at the close of business on February 17, 2010.
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