Analysts on average had projected earnings of $1.25 a share on revenue of $1.34 billion. Chairman and CEO Mark G. Papa said in a statement "EOG had an outstanding year in 2008. We delivered conclusive results on the targets we laid out early last year and made significant progress in developing new plays such as the Horn River, Haynesville and Marcellus."

Novellus Systems Inc. (NASDAQ: NVLS) swung to a fourth quarter loss of $130.3 million, or $1.36 a share, compared to a profit of $52.9 million, or 47 cents a share, year earlier quarter. On an adjusted basis, the company posted a loss of 21 cents a share. Sales tumbled 48% to $188.5 million from $363.5 million. Analysts expected the company to report a loss of 17 cents a share on sales of $189. Chairman and Chief Executive Officer Richard S. Hill stated “It is clear from these results the semiconductor industry and Novellus are experiencing unprecedented challenges. There is great uncertainty in the outlook for the worldwide economy, which is out of our control. Therefore, our focus will remain on the factors within our control, such as the major cuts we've made in our cost structure which will continue as required in response to market conditions. At the same time, we will continue to improve our product quality and growth potential for the long term. These financial results do not represent a normal operating mode for Novellus. Our challenge going forward is to balance reductions in operating cost while remaining prepared for the growth opportunities that will surely follow this very severe downturn. Our balance sheet will give us the latitude and support to work through this difficult period and enable us to maximize shareholder returns for the future." Shares of Novellus tumbled over 6% in post market trading.

Prudential Financial (NYSE: PRU) slipped to a fourth quarter loss of $1.64 billion, or $3.85 per common share compared to net income of $792 million, or $1.75 per common share, a year ago. Analysts' estimates were for a loss of $1.20 a share. Commenting on the results, Chairman and Chief Executive Officer John Strangfeld said "We are very disappointed in our current quarter results, reflecting recognition of unfavorable financial and economic conditions, which unfortunately overshadowed solid fundamentals in most of our businesses. Our employees worked hard to manage through unprecedented financial market and economic conditions; and in spite of the fourth quarter setbacks, we believe that we are well positioned to manage through this challenging environment. Shares of the company fell 1.90% in after hours trade.

Pulte Homes Inc. (NYSE: PHM) said that its fourth quarter net loss narrowed to $338.2 million or $1.33 a share from a net loss of $874.7 million or $3.46 a share in the same quarter, a year ago. Revenues slumped 43% to $1.7 billion from $2.9 billion. President and CEO Richard J. Dugas said "Despite this strong downward market momentum, Pulte achieved its stated cash goal as we generated significant positive cash flow during the quarter. We ended the year with nearly $1.7 billion in cash, no debt outstanding under our revolving credit facility and took further action to restructure our company overhead to better match anticipated reduced volume for 2009.