Apache Q4 Net Falls, Barely Misses Estimates
Apache 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).
The article Apache Q4 Net Falls, Barely Misses Estimates originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Apache. The Motley Fool owns shares of Apache. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.