Rosetta Resources Q1 Profit Down

(RTTNews) - Rosetta Resources Inc. (ROSE) Monday reported first-quarter net income of $35.2 million or $0.57 per share, down from $53.5 million or $1.01 per share last year.

Adjusted net income for the quarter was $45.6 million or $0.74 per share, down from $62.5 million or $1.18 per share last year. On average, 26 analysts polled by Thomson Reuters expected the company to earn $0.84 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $214.6 million from $178.1 million last year. Analysts estimated revenues of $240.97 million for the quarter.