Consol Energy: 4Q Earnings Snapshot
CANONSBURG, Pa. (AP) _ Consol Energy Inc. (CEIX) on Friday reported fourth-quarter net income of $39.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Canonsburg, Pennsylvania-based company said it had net income of $1.41.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The coal company posted revenue of $382.2 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $352.3 million.
For the year, the company reported profit of $153 million, or $5.38 per share. Revenue was reported as $1.53 billion.
Consol Energy shares have risen 5.5 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $33.46, an increase of 18 percent in the last 12 months.