Superior Energy (SPN) Misses Q3 EPS by 7c, Sees Improvements Starting in Q4

Superior Energy Services, Inc. (NYSE: SPN) reported Q3 EPS of $0.59, $0.07 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.2 billion.

Superior Energy Services, Inc. sees Q4 2012 EPS of $0.48-0.52, versus the consensus of $0.50.

Superior Energy Services, Inc. sees FY2012 EPS of $2.62-2.66, versus the consensus of $2.55.

Mr. Dunlap commented, "We anticipate the rate of activity decline in the U.S. will ease from third quarter levels as we believe the market has already absorbed the steepest reductions in customer activity and associated rig count changes. In the Gulf of Mexico, we think activity levels will experience typical seasonal declines. We believe the international momentum we are building will serve us well in the fourth quarter and beyond."

For earnings history and earnings-related data on Superior Energy Services, Inc. (SPN) click here.

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