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Primeenergy Corp. Q1 Income Retreats

Primeenergy Corp. (PRNG) announced earnings for first quarter that fell from last year.

The company's profit came in at $3.29 million, or $1.14 per share. This compares with $22.30 million, or $7.35 per share, in last year's first quarter.

The company's revenue for the quarter rose 39.0% to $28.47 million from $20.48 million last year.

Primeenergy Corp. earnings at a glance:

-Earnings (Q1): $3.29 Mln. vs. $22.30 Mln. last year.
-EPS (Q1): $1.14 vs. $7.35 last year.
-Revenue (Q1): $28.47 Mln vs. $20.48 Mln last year.

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