Dril-Quip (DRQ) Reports In-Line Q3 EPS; Guides In-Line

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Go back to Dril-Quip (DRQ) Reports In-Line Q3 EPS; Guides In-Line

Dril-Quip, Inc. Announces Results For Third Quarter 2016

October 27, 2016 6:00 AM EDT

HOUSTON, Oct. 27, 2016 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced net income of $19.0 million, or $0.51 per diluted share, for the three months ended September 30, 2016, versus net income of $50.8 million, or $1.32 per diluted share, for the third quarter of 2015. The third quarter 2016 results were favorably impacted by an after-tax foreign exchange gain of $4.4 million, or $0.12 per diluted share, as compared to an after-tax foreign exchange gain of $5.1 million, or $0.13 per diluted share, during the third quarter of 2015. Total revenues were $123.6 million during the quarter ended September 30, 2016 compared to $201.4 million for the same... More