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Rentech Nitrogen Partners LP (NYSE:RNF) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.23%.
Rentech Nitrogen Partners LP Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 46.67% to $0.44 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Decreased 0% to $92.41 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rentech Nitrogen Partners LP reported adjusted EPS income of $0.44 per share. By that measure, the company missed the mean analyst estimate of $0.55. It beat the average revenue estimate of $75.44 million.
Quoting Management: Commenting on the results for the period, D. Hunt Ramsbottom, CEO of Rentech Nitrogen GP, LLC, stated, “2012 was a successful year for Rentech Nitrogen. We delivered strong results, and completed a major accretive acquisition and our urea/DEF expansion at the East Dubuque Facility.”
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