Hess Corp on Wednesday reported a quarterly profit well below Wall Street expectations as oil and natural gas production lagged due to instability in Libya and maintenance in the U.S. Gulf of Mexico.For the fourth quarter, Hess reported net income of $1.93 billion, or $5.76 per share, compared with $374 million, or $1.10 per share, a year earlier.Excluding one-time gains from the sale of energy terminals and other assets, the company earned 96 cents per share. By that measure, analysts on average had expected $1.08, according to Thomson Reuters I/B/E/S.Hess produced 307,000 barrels of oil equivalent per day in the quarter, down from 396,000 boe/d a year earlier.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.66% or $-0.24/share to $35.89. In the past year, the shares have traded as low as $29.33 and as high as $38.73. On average, 730682 shares of TRI exchange hands on a given day and today's volume is recorded at 115319.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.84% or $-0.34/share to $39.97. In the past year, the shares have traded as low as $29.40 and as high as $42.10. On average, 904041 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 212070.
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