Cameron Q3 Profit Down, Yest Beats Estimates

(RTTNews) - Cameron International Corp. (CAM) Thursday announced a decline in third quarter net income attributable to stockholders, as revenues were down from the previous year.

Looking ahead, the company expects fourth quarter operating income margins to decline sequentially in each of its four segments.

The company recorded third quarter net income of $187 million, down from $225 million last year. Earnings per share declined to $0.97 from $1.11 last year. On average, 30 analysts polled by Thomson Reuters expected the company to earn $0.82 per share. Analysts estimates usually exclude special items.

The company reported a lower revenue of $2.208 billion, compared to $2.678 billion last year. Wall Street expected $2.17 billion.