Kerr-McGee Earnings Soar But Miss Estimates

Kerr-McGee (KMG Quote - Cramer on KMG - Stock Picks) announced fourth-quarter earnings of $2.67 a share, missing the First Call/Thomson Financial estimate of $2.82 a share, but crushing the year-ago, $1.51-a-share performance.

The Oklahoma City, Okla.-based energy and chemical company said revenues increased to $1.1 billion from $816 million last year. High prices of crude, averaging $32 a barrel over the fourth-quarter, were credited for the increase.