Hess: Q4 Earnings Snapshot

NEW YORK (AP) _ Hess Corp. (HES) on Wednesday reported fourth-quarter profit of $624 million.

The New York-based company said it had profit of $2.03 per share. Earnings, adjusted for non-recurring gains, were $1.78 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The oil and gas producer posted revenue of $3.05 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $2.79 billion.

For the year, the company reported profit of $2.22 billion, or $7.18 per share. Revenue was reported as $11.57 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a HES">Zacks stock report on HES at https://www.zacks.com/ap/HES