CVR Energy, Inc. (CVI: Quote) reported fourth-quarter net income to shareholders of $40.2 million, or $0.46 per share, compared to $65.9 million, or $0.75 per share, last year. Net sales increased to $1.88 billion from $1.06 billion last year.
Adjusted net income was $103.8 million, or $1.20 per share, compared to $29.5 million, or $0.34 per share, prior year.
On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.89 for the quarter. Analysts’ estimates typically exclude speical items. Analysts expected revenue of $1.78 billion for the quarter.
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by RTT Staff Writer
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