Apache Q4 Net Falls, Barely Misses Estimates

Apache (NYSE: APA  ) has reported its Q4 and 2012 results. For the quarter, the company's top line inched up 2% on a year-over-year basis, to $4.4 billion, from Q4 2011's $4.3 billion. Non-GAAP net profit saw a steeper drop over that time span, landing at $907 million ($2.27 per diluted share), compared to the year-ago period's $1.2 billion ($2.94).

The most recent quarter's EPS figure fell just short of the average analyst expectation of $2.30.  

For the full year, Apache's revenue was $16.9 billion, a slight improvement over 2011's $16.8 billion. Net profit for 2012 was $3.8 billion ($9.48 EPS) against the previous year's $4.7 billion ($11.83).


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2257640, ~/Articles/ArticleHandler.aspx, 11/28/2014 1:12:14 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement