Hess Q4 Net Loss Widens

(RTTNews) - Hess Corp. (HES) Wednesday announced a wider fourth quarter net loss attributable to the company to $4.892 billion from $1.82 billion in the prior year. On a per share basis, loss was $15.65, wider than $6.43 last year. On an adjusted basis, net loss narrowed to $305 million or $1.01 per share.

On average, 21 analysts polled by Thomson Reuters expected the company to record a loss of $1.09 per share. Analysts estimates usually exclude special items.

Revenue for the quarter edged down to $1.386 billion from $1.387 billion last year. Wall Street was looking for $1.23 billion.