Atwood Oceanics Inc. Earnings Decline 12% In Q3

(RTTNews) - Atwood Oceanics Inc. (ATW) revealed a profit for third quarter that lost ground from last year.

The company said its bottom line dropped to $99.51 million, or $1.53 per share. This was down from $112.99 million, or $1.73 per share, in last year's third quarter.

Analysts had expected the company to earn $0.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 31.1% to $227.80 million. This was down from $330.56 million last year.

Atwood Oceanics Inc. earnings at a glance:

-Earnings (Q3): $99.51 Mln. vs. $112.99 Mln. last year. -Earnings Decline (Y-o-Y): -11.9% -EPS (Q3): $1.53 vs. $1.73 last year. -EPS Decline (Y-o-Y): -11.6% -Analysts Estimate: $0.90 -Revenue (Q3): $227.80 Mln vs. $330.56 Mln last year. -Revenue Change (Y-o-Y): -31.1%