Forest Oil Corp. (FST) reported net income for the third quarter of $172.31 million or $1.53 per share, compared to $429.01 million or $4.71 per share in the year-ago quarter.
Adjusted net income for the quarter fell to $52.42 million or $0.48 per share from $110.79 million or $1.26 per share in the same quarter last year.
Total revenues for the quarter decreased to $177.14 million from $474.62 million in the prior-year quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.52 per share, on revenues of $252.10 million for the quarter. Analysts estimates typically exclude special items.
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