Cameron International (CAM) Beats on Q3 Earnings & Revenues

Houston, TX-based Cameron International CorporationCAM is a leading manufacturer of pressure control equipment used in onshore, offshore, and subsea applications for oil and gas drilling, production, and transmission. The company operates under four business segments: Subsea, Surface, Drilling, and Valves and Measurement (V&M).

Currently, Cameron has a Zacks Rank #5 (Strong Sell) but that could change following its third-quarter 2015 results which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: The company reported earnings per share - excluding discontinued operations and special items - of $1.18, beating the Zacks Consensus Estimate of 81 cents.

Revenue: Revenues of $2,208 million surpass the Zacks Consensus Estimate of $2,169 million.

Key Stats: Subsea segment operating income jumped 173% year over year to $120 million. Surface segment operating income came 53.3% lower to $49 million. Operating income from the Drilling unit slipped 8.2% to $146 million. Income from the V&M segment fell 44.2% to $58 million.

Check back later for our full write up on this Cameron earnings report later!

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CAMERON INTL (CAM): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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