Stone Energy Bottom Line Drops 49% In Q4

(RTTNews) - Stone Energy (SGY) announced earnings for fourth quarter that dropped compared to the same period last year.

The company said its earnings dropped to $2.07 million, or $0.04 per share. This was down from $4.09 million, or $0.07 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 35.9% to $106.23 million. This was down from $165.66 million last year.

Stone Energy earnings at a glance:

-Earnings (Q4): $2.07 Mln. vs. $4.09 Mln. last year. -Earnings Decline (Y-o-Y): -49.4% -EPS (Q4): $0.04 vs. $0.07 last year. -EPS Decline (Y-o-Y): -42.9% -Analysts Estimate: $0.08 -Revenue (Q4): $106.23 Mln vs. $165.66 Mln last year. -Revenue Change (Y-o-Y): -35.9%