Dril-Quip: Q2 Earnings Snapshot
HOUSTON (AP) _ Dril-Quip Inc. (DRQ) on Thursday reported a loss of $5.6 million in its second quarter.
On a per-share basis, the Houston-based company said it had a loss of 16 cents. Losses, adjusted for non-recurring costs, came to 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The maker of offshore drilling and production equipment posted revenue of $94 million in the period.