Quicksilver Resources Inc. (NYSE:KWK), on an adjusted basis, broke even in the fourth quarter 2011 versus 17 cents earned in the year-ago quarter and also missed the Zacks Consensus Estimate by 2 cents.
On a GAAP basis, the company reported EPS of 28 cents compared with $1.82 in the year-ago quarter.
Quicksilver Resources’ 2011 operating EPS was 12 cents compared with 69 cents reported in 2010. Fiscal 2011 earnings were also lower than the Zacks Consensus Estimate of 14 cents.
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