ADVFN - Advanced Financial Network.
HOME» NYSE » D » DRQ Stock Price » DRQ Stock News

Dril Quip Share News

 Dril-quip, Inc. Stock Price
DRQ Stock Price
 Dril-quip, Inc. Stock Chart
DRQ Stock Chart
 Dril-quip, Inc. Stock News
DRQ Stock News
 Dril-quip, Inc. Company Information
DRQ Company Information
 Dril-quip, Inc. Stock Trades
DRQ Stock Trades

Dril-Quip 3Q Net Up 10% Absent Prior-Year Charges; Revenue Up

DOW JONES NEWSWIRES Dril-Quip Inc.'s (DRQ) third-quarter earnings rose 10% absent prior-year charges as the maker of offshore oil-and-gas drilling and production equipment reported stronger revenue and backlog. The company, which has reported growth in recent quarters owing to stronger offshore-rig-equipment revenue, said its backlog as of Sept. 30 rose to $625 million from $563 million a year earlier and was up $87 million from the second quarter. The results come as offshore drilling in the U.S. Gulf of Mexico was halted for months in the wake of the Deepwater Horizon explosion. Dril-Quip reported a profit of $27.7 million, or 69 cents a share, up from $25.1 million, or 63 cents a share, a year earlier, which included $4.2 million in charges. Revenue increased to $140.1 million $138.2 million. Analysts polled by Thomson Reuters most recently forecast earnings of 69 cents a share on revenue of $140.9 million. Gross margin edged down to 43.3% from 43.4%. For the fourth quarter, the company expects earnings of 64 cents to 74 cents a share. Analysts on average anticipated 70 cents. Shares closed Wednesday at $69.84 and were inactive premarket. The stock is up 24% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Dril Quip (DRQ)
DateTimeHeadline
08/14/201516:08:58Initial Statement of Beneficial Ownership (3)
08/12/201516:08:12Current Report Filing (8-k)
08/12/201507:30:00Dril-Quip, Inc. Announces Addition To Its Board Of Directors
07/30/201516:16:16Current Report Filing (8-k)
07/30/201507:30:00Dril-Quip, Inc. Announces Results For Second Quarter 2015
07/30/201506:10:06Quarterly Report (10-q)
07/02/201510:05:02Statement of Changes in Beneficial Ownership (4)
07/02/201510:05:02Statement of Changes in Beneficial Ownership (4)
07/02/201510:05:02Statement of Changes in Beneficial Ownership (4)
07/02/201510:04:34Statement of Changes in Beneficial Ownership (4)
05/22/201516:37:08Specialized Disclosure Report (sd)
05/20/201516:18:28Current Report Filing (8-k)
05/12/201516:59:54Statement of Changes in Beneficial Ownership (4)
05/01/201510:05:15Barclays Raises Dril-Quip Price Target to $75.00 (DRQ)
04/30/201516:24:25Current Report Filing (8-k)
04/30/201507:30:00Dril-Quip, Inc. Announces Results For First Quarter 2015
04/30/201506:19:41Quarterly Report (10-q)
04/02/201517:16:16Additional Proxy Soliciting Materials (definitive) (defa14a)
04/02/201517:14:06Proxy Statement (definitive) (def 14a)
04/02/201510:26:38Statement of Changes in Beneficial Ownership (4)

Dril Quip and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad