Forest Oil Reports Profit In Q2 - Quick Facts

(RTTNews) - Forest Oil Corp. (FST) reported second-quarter net income of $33.44 million or $0.28 per share, compared to a loss of $511.17 million or $4.44 per share, last year. Adjusted net earnings was $7.33 million or $0.06 per share, for the quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.01 for the quarter. Analysts' estimates typically exclude special items.

Total revenues decreased to $116.81 million, from $135.73 million last year. Analysts expected revenue of $120.02 million for the quarter.