Cameron International Corporation (NYSE:CAM) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Cameron International Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.76% to $0.79 in the quarter versus EPS of $0.74 in the year-earlier quarter.
Revenue: Rose 11.38% to $2.29 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cameron International Corporation reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.78. It missed the average revenue estimate of $2.35 billion.
Quoting Management: Cameron Chairman, President and Chief Executive Officer Jack B. Moore said that the year-over-year revenue increase was due to gains in the DPS business segment. Moore commented, “Our drilling, surface and subsea systems businesses each reflected year-over-year revenue improvements due to our record backlog position.”
Key Stats (on next page)…