Mariner Energy (ME) Beats Forecasts, Shares Rise 4%

Shares of Mariner Energy, Inc. (NYSE: ME) are up 4% today, after the company's earnings report beat Wall Street forecasts.

Mariner Energy reported net income of $83.3 million, or 82 cents per share, compared with a loss of $648.9 million, or $7.41 per share, a year earlier.

Excluding items, Mariner Energy's profit was 22 cents per share and revenue rose to $240.3 million.

According to Thomson Reuters, Wall Street analysts expected earnings of 10 cents per share, excluding items, on revenue of $229.12 million.