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Report for: ATW
HOUSTON (AP) _ Atwood Oceanics Inc. (ATW) on Thursday reported fiscal second-quarter profit of $122.4 million.
The Houston-based company said it had profit of $1.89 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The offshore drilling contractor posted revenue of $296.4 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $296.8 million.
Atwood Oceanics shares have dropped 16 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.64, a decline of 75 percent in the last 12 months.
Source – Zacks
Broad street alerts has not been compensated for the mention of any publicly traded companies in this article nor do we own positions in any of the companies in this article.
Broad Street Alerts was previously compensated eighteen thousand five hundred dollars by star media llc for the mention of FNJN however, that contract has expired.
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