ConocoPhillips (COP) on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 60 cents per share.
Continue Reading Below
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The energy company posted revenue of $11.85 billion in the period.
ConocoPhillips shares have decreased slightly more than 9 percent since the beginning of the year, while the Standard & Poor's 500 index has declined roughly 3 percent. The stock has declined 5.5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COP at http://www.zacks.com/ap/COP
Keywords: ConocoPhillips, Earnings Report