Penn Virginia Tursn To Profit In Q1 - Quick Facts

(RTTNews) - Penn Virginia Corporation (PVA) Monday reported first-quarter net income attributable to common shareholders of $17.5 million or $0.22 per share, compared to a net loss $18.1 million or $0.33 per share in the comparable quarter last year.

Adjusted loss for the quarter was $7.9 million or $0.12 per share, narrower than $10.4 million or $0.19 per share last year. On average, 16 analysts polled by Thomson Reuters expected loss of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the latest first quarter increased to $189.87 million from $83.20 million last year. Total product revenues were $1333.15 million, compared with $82.22 million in the prior year quarter. Analysts estimate revenues of $134.33 million for the quarter.