WASHINGTON (dpa-AFX) - Cabot Oil & Gas Corp. (COG) reported that its first-quarter net income was $42.8 million, or $0.20 per share, compared to $18.3 million, or $0.09 per share, in the previous year quarter.
Excluding the effect of selected items, net income for the quarter was $54.2 million, or $0.26 per share, up from $28.5 million, or $0.14 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Operating Revenues for the quarter rose to $373.29 million from $272.14 million in the year ago quarter, while seventeen analysts had consensus revenue estimate of $366.91 million for the quarter.
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