Tesco Q3 Profit Rises - Quick Facts

(RTTNews) - Tesco Corp. (TESO) reported third-quarter of 2013 net income of $11.7 million or $0.29 per share, up from $9.0 million or $0.23 per share in third quarter of 2012.

Quarterly revenue improved to $132.2 million from $126.4 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share and revenues of $133.08 million. Analysts' estimates typically exclude special items.

Julio Quintana, TESCO's Chief Executive Officer, commented, "Today, our Top Drive backlog stands at 27 units. With the increased focus on our base businesses and continuous improvement in our operational efficiency, we are well positioned to meet the challenges and opportunities for the rest of 2013 and beyond."

The company projects its total capital expenditures for 2013 to be between $35 million and $40 million, based on current market conditions.