ROYL resuming rally on earnings release
biz.yahoo.com
Excerp:
<<Royale Energy Announces First Quarter Earnings of 12
Cents Per Share and Declares Stock Dividend
Thursday May 8, 7:15 am ET
SAN DIEGO--(BUSINESS WIRE)--May 8, 2003--Royale Energy Inc. (Nasdaq:ROYL - News) earned 12 cents per share for the first quarter of 2003.
For the quarter-ended March 31, 2003, the company reported revenues of $3,994,788, an increase of 61.5% over the same period last year. For the three months ended March 31, 2003, the company reported net income of $585,061 or $0.12 per basic share and $0.11 per diluted share for first quarter 2003 as compared to a loss of $0.05 per basic and fully diluted share during the same period the prior year.
Royale Energy's Board of Directors also declared its third consecutive 15% stock dividend. The dividend will be paid in four equal quarterly payments to stockholders of record on the last business day of each quarter, beginning June 30, 2003>
BO a few days ago. Pulled back to BO area and now beginning to move up again. Textbook price action in an uptrend. And going considerably higher into the Summer, IMHO.
Isopatch |
