Oil States International Inc. Q4 Profit Increases, Beats Estimates

(RTTNews) - Oil States International Inc. (OIS) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $15.16 million, or $0.24 per share. This compares with $5.96 million, or $0.09 per share, last year.

Excluding items, Oil States International Inc. reported adjusted earnings of $5.54 million or $0.09 per share for the period.

Analysts on average had expected the company to earn $0.05 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 21.0% to $164.60 million from $208.27 million last year.

Oil States International Inc. earnings at a glance (GAAP) :

-Earnings: $15.16 Mln. vs. $5.96 Mln. last year. -EPS: $0.24 vs. $0.09 last year. -Revenue: $164.60 Mln vs. $208.27 Mln last year.