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Ultra Petroleum Falls Short
Posted on February 16, 2012 at 17:57 PM EST
Ultra Petroleum Corp. (NYSE: UPL) reported fourth quarter earnings of 58 cents per share compared with 50 cents per share a year earlier to fall short of expectations and the company announced cuts to its capital spending. Shares of the oil and natural gas company dropped $1.52 to close at $23.72.
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