Pioneer Natural Resources posts profit miss, shares fall
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(Reuters) - Pioneer Natural Resources Co reported fourth-quarter profit on Wednesday that missed analysts' estimates, sending shares of the U.S. shale producer down in after-hours trading. The Irving, Texas, company reported an adjusted profit of $1.18 per share in the fourth quarter, down from $1.22 in the same quarter of the prior year, and below analysts' estimate of a $1.54 per share by the same measure, according to IBES data from Refinitiv. Its shares dropped $4.45 or 3 percent to $142.50..