Newfield Reports Q4 EPS of $1.16 vs. $1.25

Newfield Exploration Company NFX today reported its unaudited fourth quarter and full-year 2010 financial results. For the fourth quarter of 2010, Newfield recorded net income of $22 million, or $0.17 per diluted share. Adjusted net income for the fourth quarter of 2010 would have been $156 million, or $1.16 per share. Revenues in the fourth quarter of 2010 were $528 million.