Oil States International (OIS) Tuesday reported a rise in fourth-quarter net income to $98.5 million or $1.78 per share, from $94.2 million or $1.72 per share last year, despite a rise in expenses.
The latest quarter results reflect improved revenues and an other income totaling $888 thousand, compared with a loss of $915 thousand in the year-ago quarter.
Meanwhile, revenues for the quarter grew to $1.14 billion, from $995.80 million in the prior year.
On average, 20 analysts polled by Thomson Reuters expected the company to report profit of $1.89 per share on revenue of $1.09 billion for the quarter. Analysts' estimates typically exclude special items.
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