Dril-Quip (DRQ) Tops Q1 EPS by 14c
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Dril-Quip, Inc. Announces Results For First Quarter 2016
April 26, 2016 6:00 AM EDTHOUSTON, April 26, 2016 /PRNewswire/ --Â Dril-Quip, Inc. (NYSE: DRQ) today announced net income of $36.8 million, or $0.97 per diluted share, for the three months ended March 31, 2016, versus net income of $53.7 million, or $1.38 per diluted share, for the first quarter of 2015. The first quarter 2016 results were favorably impacted by an after-tax foreign exchange gain of $5.4 million, or $0.14 per diluted share, as compared to an after-tax foreign exchange gain of $4.8 million, or $0.12 per diluted share, during the first quarter of 2015. In addition, total revenues were $166.6 million during the quarter ended March 31, 2016 compared to $226.0 million for the... More
