BOSTON (Thomson Financial) - Layne Christensen Co. Tuesday said
fourth-quarter net income rose to $9.6 million, or 50 cents a share, topping the
mean estimate of analysts polled by Thomson Financial of 37 cents a share.
In the same period a year earlier, the company had posted net income of $6.7
million, or 42 cents a share.
Revenue for the Mission Woods, Kan.-based provider of drilling and
construction services and products rose 15.8% to $223.6 million from $193.1
million a year earlier. Analysts, on average, had estimated revenue of $214.5
million.
Shares closed Monday at $35.92.
Casey Logan
cl/pc
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