CAYCE, S.C. (AP) _ Scana Corp. (SCG) on Thursday reported a fourth-quarter loss of $445 million, after reporting a profit in the same period a year earlier.
The Cayce, South Carolina-based company said it had a loss of $3.11 per share. Earnings, adjusted for asset impairment costs and pretax expenses, were $1.01 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The energy holding company posted revenue of $1.16 billion in the period.
For the year, the company reported a loss of $119 million, or 83 cents per share, swinging to a loss in the period. Revenue was reported as $4.41 billion.
Scana shares have fallen roughly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1 percent. The stock has dropped 46 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 SCG at https://www.zacks.com/ap/SCG