XTO Energy (XTO) Picks a Bad Day to Announce Earnings

XTO Energy (XTO) put out a bevy of good news today but since crude oil is down a few bucks today - the supercomputers and their trader friends running this market will have nothing of it. Down 8-9%.Let’s review all the good… err… bad newsEarnings up 33%XTO Energy Inc (XTO) on Tuesday said second-quarter earnings rose 33 percent on higher production and natural gas prices. Net income in the quarter rose to $575 million, or $1.11 a share, from $432 million, or 91 cents a share, last year. Excluding one-time items, the company said it earned $1.07 a share in the quarter. Analysts, on average, had expected the company to earn $1.04 a share, according to Reuters Estimates….
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  22 July, 2008| Fundamental Analysis | @ 7:25

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