Rex Energy Q3 Profit Rises

(RTTNews) - Rex Energy Corp. (REXX) Tuesday reported third-quarter net income of $1.6 million or $0.03 per share, compared to net loss of $2.2 million or $0.04 per share last year.

Adjusted net income for the quarter rose to $0.12 per share from $0.08 per share last year. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $63.0 million from $38.9 million last year. Analysts estimated revenues of $64.5 million for the quarter.