Rowan Companies Inc. Q4 Profit Advances 7%

(RTTNews) - Rowan Companies Inc. (RDC) released earnings for its fourth quarter that increased from last year.

The company said its bottom line advanced to $119.1 million, or $0.95 per share. This was higher than $111.5 million, or $0.89 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.7% to $535.8 million. This was down from $556.2 million last year.

Rowan Companies Inc. earnings at a glance:

-Earnings (Q4): $119.1 Mln. vs. $111.5 Mln. last year. -Earnings Growth (Y-o-Y): 6.8% -EPS (Q4): $0.95 vs. $0.89 last year. -EPS Growth (Y-o-Y): 6.7% -Analysts Estimate: $0.74 -Revenue (Q4): $535.8 Mln vs. $556.2 Mln last year. -Revenue Change (Y-o-Y): -3.7%