Anadarko Shares Drop After Earnings Miss

Anadarko Petroleum Corp. said Monday it earned an adjusted $187 million, or 37 cents a share, in the fourth quarter, down from $373 million, or 74 cents a share, in the same period a year ago. Revenue dropped to $3.18 billion from $3.33 billion. The FactSet consensus was for EPS of 80 cents on revenue of $3.76 billion. Shares of Anadarko dropped 2.2% in after-hours trading after ending Monday up 1.3%.