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Oil States Int'l Q1 Profit Rises

Oil States International (OIS) reported first-quarter net income attributable to the company of $135.1 million, compared to $62.1 million in the prior year quarter. On a per share basis, earnings attributable to the company's common stockholders was $2.43, up from $1.13 in the year-ago quarter.

Operating income for the quarter was $204.25 million, up from $94.78 million in the previous year period.

Revenues for the quarter were $1.10 billion, compared with $760.44 million in the comparable quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report profit of $1.79 per share on revenue of $994.81 million for the quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

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