EOG Resources Q4 Profit Drops, Inline With Estimates

(RTTNews) - EOG Resources (EOG) revealed earnings for fourth quarter that decreased from the same period last year in line with the Street estimates.

The company's earnings totaled $1.99 billion, or $3.42 per share. This compares with $2.28 billion, or $3.87 per share, in last year's fourth quarter.

Excluding items, EOG Resources reported adjusted earnings of $1.78 billion or $3.07 per share for the period.

Analysts on average had expected the company to earn $3.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.4% to $6.36 billion from $6.72 billion last year.

EOG Resources earnings at a glance (GAAP) :

-Earnings (Q4): $1.99 Bln. vs. $2.28 Bln. last year. -EPS (Q4): $3.42 vs. $3.87 last year. -Analyst Estimates: $3.07 -Revenue (Q4): $6.36 Bln vs. $6.72 Bln last year.