Rowan Companies Inc. Q2 Earnings Climb 8%

(RTTNews) - Rowan Companies Inc. (RDC) released a profit for its second quarter that advanced from last year.

The company said its bottom line advanced to $94.9 million, or $0.75 per share. This was higher than $88.0 million, or $0.70 per share, in last year's second quarter.

Analysts had expected the company to earn $0.81 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 20.3% to $611.90 million. This was up from $508.70 million last year.

Rowan Companies Inc. earnings at a glance:

-Earnings (Q2): $94.9 Mln. vs. $88.0 Mln. last year. -Earnings Growth (Y-o-Y): 7.8% -EPS (Q2): $0.75 vs. $0.70 last year. -EPS Growth (Y-o-Y): 7.1% -Analysts Estimate: $0.81 -Revenue (Q2): $611.90 Mln vs. $508.70 Mln last year. -Revenue Change (Y-o-Y): 20.3%