Cameron Int'l Q3 Profit Rises, Guides Q4 Earnings In Line - Quick Facts

(RTTNews) - Cameron International Corp. (CAM), a provider of flow equipment products, Thursday reported third-quarter net income attributable to stockholders of $225 million or $1.11 per share, up from $189 million or $0.78 per share in the previous year.

Income from continuing operations for the quarter grew to $222 million or $1.10 per share from $175 million or $0.72 per share in the previous year.

Excluding items, adjusted earnings for the quarter was $1.17 per share, compared to $0.75 per share in the same period last year.

On average, 20 analysts polled by Thomson Reuters expected the company to earn $1.09 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew to $2.68 billion from $2.32 billion in the prior year. Analysts estimated revenues of $2.69 billion for the quarter.

Looking ahead to the fourth quarter, Camron expects adjusted earnings from continuing operations in a range of $1.18 to $1.23 per share. Street expects the company to report earnings of $1.23 per share for the quarter.

The guidance reflects agreement to sell the Company's Centrifugal Compression business.