Anadarko Beats Wall Street Estimates
Anadarko Petroleum (NYSE: APC) released its fiscal fourth-quarter earnings results on Monday after the closing bell. The company reported net income of $203 million or $0.40 per share, compared to a loss of $358 million or $0.72 per share, in last year's corresponding quarter.
On an adjusted basis, which is comparable to analysts' consensus, Anadarko reported net income of $457.0 million or $0.91 per share, versus $423 million or $0.85 per share, in last year's fourth-quarter. This compared to Wall Street analysts' consensus EPS estimates of $0.72.
Revenue for the quarter was down to $3.41 billion from $3.84 billion last year. This also beat consensus revenue estimates of $3.38 billion.
In after-hours trading, Anadarko shares were up more than 1.30 percent higher at $81.60. The stock closed on Monday with a gain of more than 8 percent already in 2013.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.