Currently, MAT has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Anadarko: 1. Beat earnings estimates. The company posted $-0.57, beating our Zacks Consensus Estimate of $-1.05. This number excludes $1.88 from nonrecurring items. 2. Beat revenue estimates. The company saw revenue figures of $2.05 billion, surpassing our estimate of $1.987 billion. 3. Reduced year-over-year capital expenditures by almost 40%, while delivering 4% divestiture-adjusted sales-volume growth over 2014. 4. "We believe the accomplishments achieved in 2015, coupled with the steps we are taking in 2016 to materially reduce our capital spending, leverage our competitive advantages and protect our balance sheet, will serve our shareholders well. These actions should enable us to successfully manage through the current market volatility and position Anadarko for future success,” said Anadarko Chairman, President and CEO Al Walker. 5. APC was down $0.03, or 0.08%, to $38.22 as of 4:42 PM ET in after hours trading shortly after its earnings report was released. Here’s a graph that looks at Anadarko’s long-term quarterly revenue and growth rate: Anadarko Petroleum Corporation (APC) Quarterly Revenue & Growth Rate | FindTheCompany Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies. Majority of the company's total proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company's production is domestic and the remainder is from Algeria. The company also owns and operates gas gathering systems in its U.S. core producing areas. Anadarko was founded in 1959 and is headquartered in The Woodlands, Texas. Check back later for our full analysis on Anadarko’s fourth quarter earnings report! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ANADARKO PETROL (APC): Free Stock Analysis Report To read this article on Zacks.com click here.
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