MRC Global (MRC) reported preliminary Q1 revenue of $710 million.

Three analysts polled by FactSet expect $679.8 million.

"We are optimistic about continued revenue growth" in Q2, the company said Wednesday in a statement.

MRC Global forecast Q1 adjusted earnings before interest, taxes, depreciation and amortization of $35 million.

Three analysts surveyed by FactSet expect $30.3 million.

Full Q1 results are expected in May.

The company's shares rose 4.2% in after-hours trading.