Atwood Oceanics Inc. (ATW) reported that its fourth-quarter net income decreased to $48.28 million or $0.75 per share from $74.75 million or $1.16 per share last year.
On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $0.69 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $131.04 million from $160.65 million last year. Analysts expected revenue of $128.40 million for the quarter.
Fiscal 2009 net income was $250.75 million or $3.89 per share compared to $215.44 million or $3.34 per share last year.
Revenues increased to $586.51 million from $526.60 million last year.
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