Rowan Companies Inc. Earnings Advance 42% In Q3

(RTTNews) - Rowan Companies Inc. (RDC) announced a profit for its third quarter that gained ground from last year.

The company said its bottom line totaled $111.4 million, or $0.89 per share. This was higher than $78.6 million, or $0.63 per share, in last year's third quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.6% to $545.4 million. This was up from $467.7 million last year.

Rowan Companies Inc. earnings at a glance:

-Earnings (Q3): $111.4 Mln. vs. $78.6 Mln. last year. -Earnings Growth (Y-o-Y): 41.7% -EPS (Q3): $0.89 vs. $0.63 last year. -EPS Growth (Y-o-Y): 41.3% -Analysts Estimate: $0.52 -Revenue (Q3): $545.4 Mln vs. $467.7 Mln last year. -Revenue Change (Y-o-Y): 16.6%