BOSTON (Thomson Financial) - Berry Petroleum Co. Tuesday said first-quarter
net income rose to $43 million, or 95 cents a share, from $18.9 million, or 42
cents a share, in the year-ago period.
Results for the latest quarter include a net 8 cents per share increase
related to a gain on the sale of an asset, abandonment of three wells,
exploration costs, as well as other items.
The mean estimate of analysts polled by Thomson Reuters was for a
first-quarter profit of 81 cents a share.
Revenue for the Bakersfield, Calif.-based oil and gas company rose to $185.4
million from $117.5 million a year earlier. Analysts, on average, had estimated
revenue of $161.4 million.
The company's hares closed Monday at $50.81.
Casey Logan
cl/vj
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