Quicksilver Resources net climbs 85% as production rises

LONDON (MarketWatch) — Quicksilver Resources said first-quarter net income rose 85% to $42.2 million, or 25 cents a share, with revenue up 35% to $157.5 million. Average production rose 13% to 211 million cubic feet of natural gas equivalent during the first quarter and it expects second-quarter production between 225 MMcfe to 235 MMcfe per day. Analysts polled by FactSet expected earnings of 25 cents a share.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Wednesday, May 7th, 2008 at 6:47 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.