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25.01.2023 13:41:55
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Hess Corporation Q4 Profit Increases, beats estimates
(RTTNews) - Hess Corporation (HES) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $624 million, or $2.03 per share. This compares with $265 million, or $0.85 per share, in last year's fourth quarter.
Excluding items, Hess Corporation reported adjusted earnings of $548 million or $1.78 per share for the period.
Analysts on average had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 35.0% to $3.05 billion from $2.26 billion last year.
Hess Corporation earnings at a glance (GAAP) :
-Earnings (Q4): $624 Mln. vs. $265 Mln. last year. -EPS (Q4): $2.03 vs. $0.85 last year. -Analyst Estimate: $1.65 -Revenue (Q4): $3.05 Bln vs. $2.26 Bln last year.
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| Hess Corp | 144,34 | 0,88% |
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