Berry Petroleum Co. (BRY) posted first-quarter net earnings of $32.4 million, compared to $38.5 million a quarter back. On a per share basis, earnings were $0.58 compared with $0.69 for the fourth quarter.
adjusted net earnings were $37 million, or $0.67 per share.
Fourteen analysts on average polled by Thomson Reuters estimated earnings per share of $0.86 for the period. Analysts expectations typically exclude one-time items.
Revenues for the first quarter were $276.89 million, up from $260.07 million sequentially, Analysts were looking for revenue of $262.20 million for the reporting period.
For comments and feedback: editorial@rttnews.com