January 28, 2016 - 9:21 PM EST
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Consol misses 4Q profit forecasts

(AP) — Consol Energy Inc. (CNX) on Friday reported fourth-quarter profit of $30.4 million.

On a per-share basis, the

Canonsburg, Pennsylvania
-based company said it had profit of 13 cents. Losses, adjusted for non-recurring gains, came to 11 cents per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The natural gas company posted revenue of $761.9 million in the period.

For the year, the company reported a loss of $374.9 million, or $1.64 per share, swinging to a loss in the period. Revenue was reported as $3.11 billion.

Consol shares have declined 15 percent since the beginning of the year, while the Standard & Poor's 500 index has declined slightly more than 7 percent. The stock has declined 77 percent in the last 12 months.

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

Keywords: Consol Energy, Earnings Report

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Source: Equities.com News (January 28, 2016 - 9:21 PM EST)

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