HOUSTON (AP) — HOUSTON (AP) — Murphy Oil Corp. (MUR) on Wednesday reported fourth-quarter earnings of $11.9 million.
The Houston-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The oil and gas producer posted revenue of $624.6 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $624.5 million.
For the year, the company reported profit of $104.2 million, or 72 cents per share. Revenue was reported as $2.72 billion.
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