Anadarko Petroleum Corporation (APC) Reports Q3 Results; Stock Falls in After-Hours Trading

Anadarko Petroleum Corporation (NYSE: APC) reported its third-quarter financial results. Shares of Anadarko Petroleum fell 1.28% to $62.35 in after-hours trading after the company reported its third-quarter financial results. Earlier in regular trading, the Anadarko stock had ended the day 2.58% higher at $63.16, on above average volume of 7.04 million. The stock touched a high of $64.39 in regular trading. The stock has a 52-week range of $34.54-$75.07. Anadarko reported a loss of $8 million, or $0.05 per share for the third quarter of 2010, compared with a profit of $206 million, or $0.40 per share reported in the third quarter of 2009. The company's third-quarter revenue fell 11% to $2.55 billion. Analysts were expecting Anadarko to post a profit of $0.28 per share on revenue of $2.65 billion in the third quarter of 2010. The Woodlands, Texas-based Anadarko Petroleum Corporation is an independent oil and gas exploration and production company, with 2.3 billion barrels of oil equivalent of proved reserves at the end of 2009. The company operates in three segments, including oil and gas exploration, midstream, and marketing. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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