<<Primarily due to an unrealized mark-to-market loss on derivatives, Continental reported a net loss of $112.1 million, or $0.62 per diluted share, for the fourth quarter of 2011. This included a $399.4 million pre-tax unrealized loss on mark-to-market derivative instruments, a $42.1 million pre-tax property impairment charge and a small pre-tax gain on sale of property. The combined effects of the non-cash, unrealized derivatives loss, property impairment charge and the gain on sale reduced net income by $1.50 per diluted share for the fourth quarter of 2011.>>
Looks like EPS ex-items is -$0.62 + $1.50 = +$0.88, which is a $0.11 beat.
Revenue of $508M exceeds estimates of $475M by $33M.
I'm seeing the after-hours high at $95.71, but now settling back now to $92-93.