Investing.com - Pioneer Natural Resources (NYSE:PXD) reported fourth quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.18 on revenue of $2.68B. Analysts polled by Investing.com anticipated EPS of $1.53 on revenue of $2.31B. That compared to EPS of $1.22 on revenue of $1.14B in the same period a year earlier. The company had reported EPS of $2.07 on revenue of $2.48B in the previous quarter.
Pioneer Natural Resources shares lost 3.05% to trade at $141.50 in after-hours trade following the report.
Pioneer Natural Resources shares lost 3.05% to trade at $141.50 in after-hours trade following the report.
For the year, Pioneer Natural Resources shares are up 10.97%, broadly in line with the S&P 500 which is up 11.15% year to date.
Pioneer Natural Resources follows other major Energy sector earnings this month
On Friday, February 1, 2019, Exxon Mobil reported fourth quarter EPS of $1.29 on revenue of $71.9B, compared to forecasts of EPS of $1.08 on revenue of $72.53B.
Chevron earnings beat analyst's expectations on Friday, February 1, 2019, with fourth quarter EPS of $1.95 on revenue of $42.35B. Investing.com analysts expected EPS of $1.87 on revenue of $42.48B
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