Cameron International Q4 Results Top Estimates - Quick Facts

(RTTNews) - Cameron International Corp. (CAM), a provider of flow equipment products, Thursday reported fourth-quarter net income attributable to the company of $220.9 million or $0.95 per share, higher than $218.3 million or $0.88 per share in the previous year.

Excluding charges, earnings for the recent quarter were $1.00 per share, while the company posted $0.95 per share last year. After-tax charges for the fourth quarter of 2013 were $0.05 per share, primarily related to integration and restructuring costs.

On average, 30 analysts polled by Thomson Reuters expected the company to earn $0.96 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter climbed 21 percent to $2.94 billion from $2.43 billion a year ago. Analysts estimated revenues of $2.75 billion for the quarter.

Beginning in the first quarter of 2014, the company's Reciprocating Compression business will be reported as discontinued operations.

Looking ahead to the first quarter, earnings from continuing operations, excluding charges and Reciprocating Compression, are expected to reflect the typical seasonal decline from the fourth quarter and expects to be about $0.70 to $0.75 per share.

Street analysts expect the company to earn $0.75 per share for the quarter.

For full year 2014, the company anticipates earnings to be $3.60 to $4.00 per share. Excluding Reciprocating Compression business, Cameron currently expects its 2014 earnings from continuing operations to be in the range of $3.60 to $4.00 per share, excluding charges.

Analysts are looking for earnings of $3.78 per share for the year.