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Unit Corp. Q1 adjusted earnings Inline With Estimates

Unit Corp. (UNT) released a profit for first quarter that dropped from the same period last year.

The company's earnings totaled $7.87 million, or $0.15 per share. This compares with $15.93 million, or $0.31 per share, in last year's first quarter.

Excluding items, Unit Corp. reported adjusted earnings of $11.08 million or $0.21 per share for the period.

Analysts had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.7% to $205.13 million from $175.72 million last year.

Unit Corp. earnings at a glance:

-Earnings (Q1): $11.08 Mln. vs. $7.52 Mln. last year.
-EPS (Q1): $0.21 vs. $0.15 last year.
-Analysts Estimate: $0.21
-Revenue (Q1): $205.13 Mln vs. $175.72 Mln last year.

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