Hydril (HYDL) Guides Higher for Q4 Earnings
Hydril (Nasdaq: HYDL) expects its fourth quarter 2006 earnings to be approximately or exceed $1.05 per diluted share, which is above previous expectations, primarily due to improved premium connection segment results. (Current consensus is $0.87)
Operating income for the premium connection segment is now expected to strengthen above the third quarter due to higher revenue for international markets, and manufacturing efficiency improvements in both domestic and international plants are expected to increase the segment's operating margin.
Operating income for the premium connection segment is now expected to strengthen above the third quarter due to higher revenue for international markets, and manufacturing efficiency improvements in both domestic and international plants are expected to increase the segment's operating margin.
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