WASHINGTON (dpa-AFX) - Southwestern Energy Co. (SWN) Thursday reported first-quarter net income of $46 million or $0.12 per share, down from $194 million or $0.55 per share last year.
Adjusted earnings for the quarter dropped to $0.22 per share from $0.66 per share last year.
Revenues for the quarter dropped to $933 million from $1.113 billion last year.
Analysts polled by Thomson Reuters projected earnings of $0.23 per share on revenues of $903.81 million for the quarter. Analysts' estimates typically exclude special items.
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