Statoil Beats On Higher Prices
Statoil ASA’s (NYSE:STO) fourth-quarter 2011 earnings of 79 cents per ADR marched past the Zacks Consensus Estimate of 73 cents. The quarterly result also showed a significant improvement from the year-earlier earnings of 58 cents per ADR, attributable to higher liquids and gas prices. For full-year 2011, the company registered a profit of $2.84 per [...]
Statoil ASA’s (NYSE:STO) fourth-quarter 2011 earnings of 79 cents per ADR marched past the Zacks Consensus Estimate of 73 cents. The quarterly result also showed a significant improvement from the year-earlier earnings of 58 cents per ADR, attributable to higher liquids and gas prices.
For full-year 2011, the company registered a profit of $2.84 per ADR, beating the Zacks Consensus Estimate of $2.61 per ADR and the year-earlier earnings of $2.19 per ADR.
Adjusted net income after tax came in at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards