Cameron International Corp. (CAM) reported third-quarter net income of $124.9 million or $0.56 per share, compared to net income of $163.0 million or $0.71 per share, for the third quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items.
The third quarter 2009 results include a pretax charge of $5.9 million, or $0.02 per share, for severance-related costs.
Total revenues for the quarter were $1.23 billion, down 18 % from $1.50 billion in the year ago quarter. Twelve analysts had consensus revenue estimate of $1.28 billion for the quarter.
For full-year 2009, the company now expects earnings, excluding any charges or gains, to be in the range of about $2.26 - $2.30 per share. Earlier, the company expected earnings to a range of about $2.15 - $2.25 per share. Analysts expect the company to report earnings of $2.22 per share for fiscal 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.