12:12 PM EST - Forbes Energy Services Ltd. : announced financial and operating results for the three months ended March 31, 2011. Revenues for the first quarter increased 59% to $107.0 million compared to $67.3 million in the first quarter of 2010. Net income attributable to common shareholders for the three months ended March 31, 2011 was $1.0 million, or $0.01 per share, compared to a net loss attributable to common shareholders of $8.2 million, or $0.10 per share, in the prior year period. Forbes Energy Services Ltd.
shares T.FRB are trading up $0.04 at $2.57.
