Kerr-McGee adjusted net income falls 3%
By Steve Gelsi
SteveGelsi
NEW YORK (MarketWatch) -- Kerr-McGee Corp. kmg on Wednesday reported fourth-quarter net income of $2.2 billion, or $18.46 a share, compared to $133.8 million, or 86 cents a share in the year-ago period. Profit from continuing operations was $653.9 million, compared with $276.1 million last year. Adjusted after-tax income was $125.7 million, or $1.07 a share, down 3% from $129.7 million, or 84 cents a share. Revenue from continuing operations was $1.8 billion, compared with $1.4 billion. Analysts surveyed by Thomson First Call forecast earnings of $1.61 a share and revenue of $1.26 billion.