HOUSTON (AP) _ Linn Co. (LNCO) on Tuesday reported a loss of $ 2.47 billion in its fourth quarter.
The Houston-based company said it had a loss of $ 7.05 per share. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.
The company which acquires and develops oil and natural gas properties with intersts in Linn Energy LLC posted revenue of $ 646.7 million in the period.
For the year, the company reported that its loss widened to $ 4.76 billion, or $ 13.87 per share. Revenue was reported as $ 2.88 billion.
The company’s shares closed at 67 cents. A year ago, they were trading at $ 10.02.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNCO at http://www.zacks.com/ap/LNCO
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Keywords: Linn, Earnings Report
