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Unit Corp. Q2 adjusted earnings Beat Estimates

Unit Corp. (UNT) released earnings for second quarter that fell from the same period last year.

The company's earnings totaled $5.79 million, or $0.11 per share. This compares with $9.06 million, or $0.17 per share, in last year's second quarter.

Excluding items, Unit Corp. reported adjusted earnings of $11.28 million or $0.21 per share for the period.

Analysts had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.2% to $203.30 million from $170.58 million last year.

Unit Corp. earnings at a glance:

-Earnings (Q2): $11.28 Mln. vs. $3.56 Mln. last year.
-EPS (Q2): $0.21 vs. $0.07 last year.
-Analysts Estimate: $0.14
-Revenue (Q2): $203.30 Mln vs. $170.58 Mln last year.

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