Conoco Drills Analyst Estimates, Again!
Published Thu, 28 Jul 2011 on The Motley Fool

Conoco's second-quarter report before the bell yesterday marked the first time in the past four quarters that its profits did not increase over the year-ago period. However, Conoco also benefited from one-time gains from the sale of assets last year, which helped boost earnings, so on a comparative basis this was another stellar report. For the quarter, Conoco reported revenue of $67 billion, which handily beat the consensus estimate of $60.3 billion, with earnings coming in at $2.41 per share, beating the consensus by $0.21. Favorable price realizations and better refining margins were the main drivers fueling Conoco's growth during the quarter.... Read more