Atwood Oceanics Inc. Earnings Fall 15% In Q1

(RTTNews) - Atwood Oceanics Inc. (ATW) announced a profit for first quarter that declined from last year.

The company said its earnings dropped to $39.08 million, or $0.60 per share. This was down from $46.22 million, or $0.71 per share, in last year's first quarter.

The company said revenue for the quarter fell 12.5% to $307.82 million. This was down from $351.73 million last year.

Atwood Oceanics Inc. earnings at a glance:

-Earnings (Q1): $39.08 Mln. vs. $46.22 Mln. last year. -Earnings Decline (Y-o-Y): -15.4% -EPS (Q1): $0.60 vs. $0.71 last year. -EPS Decline (Y-o-Y): -15.5% -Revenue (Q1): $307.82 Mln vs. $351.73 Mln last year. -Revenue Change (Y-o-Y): -12.5%