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Dril-Quip: Q2 Earnings Snapshot

July 28, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DRQ at https://www.zacks.com/ap/DRQ