logo
Share SHARE
FONT-SIZE Plus   Neg

Rosetta Resources Swings Q4 Profit - Quick Facts

Oil exploration and production company Rosetta Resources Inc (ROSE), Monday reported fourth-quarter net income of $32.2 million or $0.61 per share, compared to net loss of $1.4 million, or $0.02 per share in the same period last year.

On average, analysts polled by Thomson Reuters expected earnings of $0.75 per share for the quarter. Analysts' estimates typically exclude one-time items.

Fourth quarter earnings were impacted by $0.17 due to higher stock-based compensation expense primarily reflecting increases in the company's share price.

The growth in net income is primarily due to higher realized prices, increased production and a more favorable product mix.

Revenues for the fourth quarter were $136.3 million compared to $89.4 million in the same period last year. Wall Street analysts on a consensus estimated revenues of $127.41 million for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Social media app Snapchat has introduced a new location service, Snap Map, that will allow users of the app to see the location of all their friends on a map. The new feature will essentially allow a user to see where his friends are hanging out and what they are up to and also share his own location with friends in real time. The U.S. has suspended all imports of fresh beef from Brazil due to recurring concerns about the safety of the products. The suspension of shipments from Brazil, the fifth largest exporter of beef to the U.S., will remain in place until the Brazilian Ministry of Agriculture takes corrective action, the U.S. Department of Agriculture or USDA said in a statement. The annual Federal stress test was cleared by 34 top banks. The result shows strong capital levels and the ability of large banks to remain capitalized even in stressed situations. The Federal Reserve noted that these banks will be able to lend to households and businesses even at severe recession and throughout the economic cycle.
comments powered by Disqus
Follow RTT