McMoRan Exploration shares down on 4Q loss

McMoRan Exploration Co. reported a wider than expected loss for the fourth quarter Tuesday, causing shares of the oil and natural gas exploration company to fall nearly 8 percent.
The company said Tuesday it lost $77 million, or 75 cents per share, during the quarter, compared with a loss of $9.5 million, or 11 cents per share, during the same period last year.
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Source: Bloomberg