Rentech Inc. (RTK) reported third-quarter net income of $36.132 million compared to a net loss of $7.772 million last year. Earnings per share were $0.22 compared to a loss of $0.05 per share a year ago. On average, 5 analysts polled by Thomson Reuters expected the company to report profit of $0.08 per share for the quarter.
Total revenues increased to $91.417 million from $60.374 million last year. Analysts expected revenues of $71.08 million for the quarter.
Rentech projects that its earnings per share will be positive for fiscal 2009.
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