Dril-Quip Q2 Profit Rises - Quick Facts

(RTTNews) - Dril-Quip, Inc. (DRQ) reported second-quarter net income of $51.3 million, or $1.27 per share compared to $42.9 million, or $1.05 per share, prior year. The company said its second quarter 2014 results were unfavorably impacted by an after-tax foreign exchange loss of $1.5 million, or $0.04 per share.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.15 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $230.32 million from $222.03 million, prior year. Analysts expected revenue of $229.73 million for the quarter.