Southwestern Energy Co. Q1 adjusted earnings Beat Estimates

(RTTNews) - Southwestern Energy Co. (SWN) announced earnings for first quarter that declined from the same period last year.

The company's profit totaled $205 million, or $0.36 per share. This compares with $281 million, or $0.57 per share, in last year's first quarter.

Excluding items, Southwestern Energy Co. reported adjusted earnings of $162 million or $0.28 per share for the period.

Analysts had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.7% to $920 million from $846 million last year.

Southwestern Energy Co. earnings at a glance:

-Earnings (Q1): $162 Mln. vs. $87 Mln. last year. -EPS (Q1): $0.28 vs. $0.18 last year. -Analysts Estimate: $0.25 -Revenue (Q1): $920 Mln vs. $846 Mln last year.