CANONSBURG, Pa.
(AP) — Consol Energy Inc. (CNX) on Friday reported fourth-quarter profit of $30.4 million.
On a per-share basis, the
Canonsburg, Pennsylvania
-based company said it had profit of 13 cents. Losses, adjusted for non-recurring gains, came to 11 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The natural gas company posted revenue of $761.9 million in the period.
For the year, the company reported a loss of $374.9 million, or $1.64 per share, swinging to a loss in the period. Revenue was reported as $3.11 billion.
Consol shares have declined 15 percent since the beginning of the year, while the Standard & Poor's 500 index has declined slightly more than 7 percent. The stock has declined 77 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNX at http://www.zacks.com/ap/CNX
Keywords: Consol Energy, Earnings Report
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer
Source: Equities.com News
(January 28, 2016 - 9:21 PM EST)
News by QuoteMedia
www.quotemedia.com
