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Hess: 4Q Earnings Snapshot

NEW YORK (AP) _ Hess Corp. (HES) on Wednesday reported a loss of $4 million in its fourth quarter.

The New York-based company said it had a loss of 5 cents per share. Losses, adjusted for non-recurring gains, came to 31 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.

The oil and gas producer posted revenue of $1.68 billion in the period.

For the year, the company reported that its loss narrowed to $282 million, or $1.10 per share. Revenue was reported as $6.47 billion.

Hess shares have climbed 28 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. The stock has declined nearly 1 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 HES at https://www.zacks.com/ap/HES