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 U.S. Consumer Products Safety Commission has asked Safety 1st to recall 35,000 highchairs after several children fell and were injured. The recall covers about 35,000 wooden Safety 1st highchairs in three models: HC144BZF (Casablanca), HC229CZF (Gentle Lace) and HC229CYG (Black Lace). Safety... Ferrari, the luxury car division of Fiat Chrysler Automobiles (FCAU) is reportedly getting a much higher valuation than previously expected driven by its premium status of manufacturing high-performance luxury cars. According to reports, Ferrari expects the IPO to bring its market valuation to about... SeaWorld Entertainment Inc. (SEAS) has received another blow to its business as the California Coastal Commission banned breeding of captive killer whales in San Diego. The new law means SeaWorld won't be allowed to breed captive orcas, including through artificial insemination, at its California...
comments powered by Disqus
Follow RTT