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Pioneer Natural Resources

Pioneer Natural Swings To Net Loss

Oil and gas producer Pioneer Natural Resources Co. reported late Monday a fourth-quarter loss of $1.36 billion, or $9.82 a share, reversing a year-ago profit of $28.8 million, or 22 cents a share. Adjusted to exclude mark-to-market losses and other noncash items, the company earned $139.6 million, or $1 a share. Revenue for the three months ended Dec. 31 rose to $970.8 million from $797 million. Analysts surveyed by FactSet had predicted the company would earn 99 cents a share on $900 million in revenue. After briefly moving higher, Pioneer shares were last down 2% at $183.11 in after-hours trade.Copyright © 2014 MarketWatch, Inc....

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