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Newfield Falls Short
Posted on February 22, 2012 at 16:57 PM EST

Newfield Exploration Co. (NYSE: NFX) reported fourth quarter earnings of 51 cents per diluted share compared with 17 cents per diluted share last year but the results fell short of analyst estimates prompting downgrades. The stock price plummeted $5.37 to close at $36.88.


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