Atwoods Oceanics Reports Solid Results
Atwoods Oceanics (ATW) as usual posted their normal earnings beat. ATW is a semi deep water focused oil/gas drilling firm. Earnings were down from the solid $1.16 last year, but they did report strong 15% YOY earnings growth for fiscal 2009. Not bad for a stock trading at roughly 10x earnings. Now with oil back around $80, the demand for their services appears to be picking up as evidenced by a couple of recent contracts. Earnings likely bottomed out this Q and analysts expect earnings of at least $4.04 for fiscal 2010. Look for earnings to continue rising with the improved demand environment and new builds on the horizon.
4:59PM Atwood Oceanics beats by $0.06, beats on revs (ATW) 37.96 +0.97 : Reports Q4 (Sep) earnings of $0.75 per share, $0.06 better than the First Call consensus of $0.69; revenues fell 18.5% year/year to $131 mln vs the $128.4 mln consensus.
4:59PM Atwood Oceanics beats by $0.06, beats on revs (ATW) 37.96 +0.97 : Reports Q4 (Sep) earnings of $0.75 per share, $0.06 better than the First Call consensus of $0.69; revenues fell 18.5% year/year to $131 mln vs the $128.4 mln consensus.
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