HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Golar LNG Ltd. (GLNG) on Thursday reported a loss of $32.8 million in its fourth quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 31 cents. Earnings, adjusted for non-recurring costs, were 90 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The operator of carriers for natural gas shipping posted revenue of $79.7 million in the period. Its adjusted revenue was $78.6 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $76.8 million.
For the year, the company reported a loss of $46.8 million, or 45 cents per share. Revenue was reported as $296.2 million.
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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 GLNG at https://www.zacks.com/ap/GLNG