Originally published Friday, November 6, 2009 at 9:58 AM
Comments (0)
E-mail article
Print view
Share
Dril-Quip profit slips from a year ago
Dril-Quip Inc., which makes equipment for offshore oil drilling, said Friday its profit slipped from a year ago on a charge even as sales rose, and it gave a fourth-quarter outlook in line with Wall Street expectations.
The Associated Press
Dril-Quip Inc., which makes equipment for offshore oil drilling, said Friday its profit slipped from a year ago on a charge even as sales rose, and it gave a fourth-quarter outlook in line with Wall Street expectations.
The company said it earned $25.1 million, or 63 cents per share, compared with $27.4 million, or 69 cents per share, a year ago.
The results included an after-tax charge of $3.5 million, or 9 cents per share, for contract-termination costs after the death of a co-CEO.
Analysts, who usually exclude charges from their calculations, had expected earnings of 67 cents per share.
Revenue rose to $138.2 million from $132.3 million a year ago, beating analysts' forecast of $136.1 million.
The company said it expects to earn between 62 and 72 cents per share in the fourth quarter, excluding special items. Analysts forecast 67 cents per share.
Dril-Quip shares gained 39 cents, to $52.96, in midday trading.
E-mail article
Print view
Share
Chase shrugs off loss of CD investors
Sunday Buzz: Expedia, Intelius, Classmates slapped by Senate report
Denny Triangle gains skyline, but tenants slow to come
Your Funds: Money for nothing: Some investors pay for advice they never get
More Business & Technology headlines...
LA Galaxy's David Beckham
Los Angeles Galaxy's David Beckham talks about the upcoming MLS Cup final during after a team practice.
Real Salt Lake's Kyle Beckerman
MLS trophy arrives in Seattle
Chittenden Locks Inspection
Interview with New Moon actors
Full interview with New Moon actors
Artistic Roller Skating
Girls Soccer: Mercer Island vs. Glacier Peak
Smash Putt! Miniature Golf
Opening day at Crystal Mountain
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
How to tell your office you're gravely ill
Post a comment
nwautos
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
Open Houses | Find this weekend's open house listings.  Or search by location: |
- Italian lead prosecutor argues Knox motive was hatred
- Man shot in chest on E. Union Street in Capitol Hill
- Washington state wines make annual best-of list
- Mariners Blog | A Mariners-Tigers swap makes a whole lot of sense for both teams
- Italian prosecutors request life sentence for UW student
- Lynnwood is reinventing itself — again
- Craigslist adoption ad: A plea by young mother-to-be? A scam?
- Genetics anti-bias law takes effect
- Mariners to try Dustin Ackley at second base
- Mariners Blog | Dustin Ackley to move to second base; Mariners add six to 40-man roster
- Senate vote clears hurdle 204
- First key vote today on Senate health bill 167
- Mariners add six to 40-man roster 144
- Man shot in Capitol Hill 91
- Lynnwood is reinventing itself — again 88
- Italian lead prosecutor argues Knox motive was hatred 77
- Saturday links 54
- Prosecutor requests life in prison for Amanda Knox 52
- Historic health care bill nears key Senate vote 38
- Child-support error costs nearly $21,000 36
- Washington state wines make annual best-of list
- Nonprofits get creative using Twitter and Facebook to make donation easier
- Lynnwood is reinventing itself — again
- Great places to cross-country ski for free (or almost) in the Methow
- It's possible to recover a life lost to hoarding
- Recipes: Sesame Pork Roast, Sour Cream Mashed Potatoes, Gingerbread with Lemon Sauce and more
- 175 foster kids in Washington get 'forever families'
- UW provost tapped for Nike's board
- BofA moves to take control of Mastro building in Fremont
- Case of accused "Street Mobb" pimp goes to jury
