Why Rice Energy (RICE) Stock Is Gaining Today
NEW YORK (TheStreet) -- Rice Energy
The company reported revenue of $90.46 million, well ahead of analysts consensus estimate of $76.6 million.
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The independent oil and gas company reported net income of $124.1 million, or 99 cents per diluted share, also ahead of analysts 13 cents per share estimates.
The large gap in analysts expectations can partially be attributed to the company going public in January, raising $924 million from its IPO.