Cameron (CAM) Tops Q2 EPS by 6c

Cameron (NYSE: CAM) reported Q2 EPS of $0.83, $0.06 better than the analyst estimate of $0.77. Revenue for the quarter came in at $2.22 billion versus the consensus estimate of $2.18 billion.

Consolidated orders increased 15% on a sequential-quarter basis from the first to the second quarter of 2015, reflecting the breadth and competitive differentiation of Cameron's portfolio of businesses. Specifically, the sequential-quarter gains occurred in three of the Company's four reporting segments and amounted to 32% in Subsea, 23% in Drilling and 5% in Surface. Subsea processing technology continued to gain traction during the second quarter, with the segment recording a significant award for subsea boosting in the Gulf of Mexico. The segment also recorded a $330 million award for subsea production equipment for a project offshore North Africa and, separately, a front-end engineering and design contract for a proposed floating LNG development offshore northwest Australia.

For earnings history and earnings-related data on Cameron (CAM) click here.

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