Unit Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - Unit Corp. (UNT) announced a profit for its third quarter that increased from the same period last year.

The company's earnings totaled $18.90 million, or $0.36 per share. This compares with $3.71 million, or $0.07 per share, in last year's third quarter.

Excluding items, Unit Corp. reported adjusted earnings of $15.68 million or $0.30 per share for the period.

Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.7% to $220.06 million from $188.49 million last year.

Unit Corp. earnings at a glance:

-Earnings (Q3): $15.68 Mln. vs. $5.32 Mln. last year. -EPS (Q3): $0.30 vs. $0.10 last year. -Analysts Estimate: $0.23 -Revenue (Q3): $220.06 Mln vs. $188.49 Mln last year.