Rowan Cos., Inc. (RDC) Reports In-Line Q3 adj.-EPS of 48c

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Jefferies Cuts PT, Est. on Rowan (RDC) after Q3, Guidance

November 1, 2012 1:12 PM EDT

Jefferies lowers numbers on Hold-rated Rowan Companies (NYSE: RDC) following in-line Q3 results but surprisingly low Q3 guidance.

The firm comments, "Guidance for '13 surprised even our well below Street expectations and pushes our estimates and PT meaningfully lower still. However,... More