Dril-Quip Q2 Profit Rises - Quick Facts

(RTTNews) - Dril-Quip, Inc. (DRQ) reported second-quarter net income of $42.9 million, or $1.05 per share, compared to $29.8 million, or $0.74 per share last year.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $222.0 million compared to $176.6 million prior year. The company said the increase in revenues resulted from increased product revenues of $42.1 million and increased service revenues of $3.3 million. Analysts expected revenue of $202.13 million for the quarter.