Rosetta Resources Inc. (ROSE) Monday reported first-quarter net income of $53.4 million or $1.01 per share, compared to $22.2 million or $0.42 per share in the comparable quarter last year.
Adjusted income for the quarter rose to $62.4 million or $1.18 per share from $33.7 million or $0.64 per share in the prior-year quarter. On average, 25 analysts polled by Thomson Reuters expected the company to earn $0.93 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, total revenues for the quarter spiked to $178.12 million from $114.45 million in the prior-year quarter, while fourteen analysts had a consensus revenue estimate of $193.29 million for the quarter.
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