Halcón Resources Corporation Earnings Climb 167% In Q4

(RTTNews) - Halcón Resources Corporation (HK) announced a profit for its fourth quarter that gained ground from last year.

The company said its bottom line came in at $55.02 million, or $0.41 per share. This was up from $20.61 million, or $0.25 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 51.5% to $116.12 million. This was down from $239.46 million last year.

Halcón Resources Corporation earnings at a glance:

-Earnings (Q4): $55.02 Mln. vs. $20.61 Mln. last year. -Earnings Growth (Y-o-Y): 167.0% -EPS (Q4): $0.41 vs. $0.25 last year. -EPS Growth (Y-o-Y): 64.0% -Analysts Estimate: $0.23 -Revenue (Q4): $116.12 Mln vs. $239.46 Mln last year. -Revenue Change (Y-o-Y): -51.5%