Summary : On a per-share basis, the Houston-based company said it had net income of 59 cents. Earnings, adjusted for non-recurring gains, were 43 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. In the final minutes of trading on Monday, shares hit $15.07, a climb of 42% in the last 12 months.
On a per-share basis, the Houston-based company said it had net income of 59 cents. Earnings, adjusted for non-recurring gains, were 43 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.The partnership that owns mineral and royalty interests posted revenue of $180.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $156.1 million.Black Stone Minerals shares have risen 46% since the beginning of the year. In the final minutes of trading on Monday, shares hit $15.07, a climb of 42% in the last 12 months.This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSM at https://www.zacks.com/ap/BSM
