Shale producer Diamondback misses fourth-quarter profit estimates

Reuters

02/24

Feb 23 (Reuters) - Diamondback Energy FANG.O fell short of Wall Street expectations for fourth-quarter profit on Monday, as the U.S. shale producer struggled with weaker oil prices

The Midland, Texas-based company posted an adjusted profit of $1.74 per share for the three months ended December 31, compared with analysts' expectations of $2.08 per share, according to data compiled by LSEG.

(Reporting by Sumit Saha in Bengaluru; Editing by Maju Samuel)

((Sumit.Saha@thomsonreuters.com;))

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