Atwood Oceanics Inc. (ATW) reported that its first-quarter net income decreased to $66.98 million from $78.36 million last year. Earnings per share decreased to $1.03 from $1.22 prior year.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit of $0.98 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $164.24 million from $165.50 million last year. Analysts expected revenue of $157.00 million for the quarter.
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