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
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
RELATED NEWS
Trade ROSE now with 
Follow RTT