EOG Resources Q4 Profit Increases, but misses estimates

(RTTNews) - EOG Resources (EOG) reported earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $2.28 billion, or $3.87 per share. This compares with $1.98 billion, or $3.39 per share, in last year's fourth quarter.

Excluding items, EOG Resources reported adjusted earnings of $1.94 billion or $3.30 per share for the period.

Analysts on average had expected the company to earn $3.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.3% to $6.72 billion from $6.04 billion last year.

EOG Resources earnings at a glance (GAAP) :

-Earnings (Q4): $2.28 Bln. vs. $1.98 Bln. last year. -EPS (Q4): $3.87 vs. $3.39 last year. -Analyst Estimate: $3.37 -Revenue (Q4): $6.72 Bln vs. $6.04 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.