Oil States International Q2 Profit Decreases - Quick Facts

(RTTNews) - Oil States International, Inc. (OIS) reported second-quarter net income of $76.5 million, or $1.38 per share, compared to $111.2 million, or $2.01 per share, last year.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.51 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $1.04 billion, compared to $1.09 billion last year. Analysts expected revenue of $1.04 billion for the quarter.

Cindy Taylor, Oil States' President and Chief Executive Officer said, "Our accommodations business reported lower RevPAR levels in the second quarter of 2013 driven by lower occupancy levels in Australia and Canada coupled with lower contracted and foreign exchange rates. We were also negatively impacted during the quarter by poor weather conditions and flooding in Canada and the Bakken region resulting in lower than expected completion services activity and lower utilization for our mobile accommodations assets. Despite the wet weather, our completion services segment outperformed the U.S. rig count, and revenue per ticket increased 12% year-over-year."