24
Oct
Z-Note: Newfield 3Q Results Rock - Pre CC Notes
(NFX) - $52.27 as of 10/24/07. I’ll have more in comments after the conference call tomorrow but here’s the quick and dirty…
In A Nutshell: Wow.
The Mechanics
Beat Estimates: Reported CFPS of $2.23 vs $2.21 expectation. Earnings beat by a penny at $0.76 (after backing out the non-cash derivatives mark to market loss).
Production Once Again [...]