CVR posts 4Q profit

SUGAR LAND, Texas (AP) _ CVR Energy Inc. (CVI) on Thursday reported fourth-quarter net income of $7.1 million, after reporting a loss in the same period a year earlier.

The Sugar Land, Texas-based company said it had profit of 8 cents per share. Earnings, adjusted for non-recurring gains, were 5 cents per share.

The diversified holding company posted revenue of $1.35 billion in the period.

For the year, the company reported profit of $24.7 million, or 28 cents per share. Revenue was reported as $4.78 billion.

CVR shares have declined 15 percent since the beginning of the year. The stock has decreased 20 percent in the last 12 months.


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Keywords: CVR Energy, Earnings Report