reported 85% growth in third-quarter earnings, fueled by an overall improvement in oil and natural gas prices, and beat analysts' estimates by a penny.
The oilfield services company reported income of $204.6 million, or 35 cents a diluted share, up from $110.7 million, or 20 cents a share, in last year's third quarter. According to a
First Call/Thomson Financial
survey, 30 analysts were expecting the company to earn 34 cents a share for the third quarter.
Revenue rose to $2.45 billion from $2.09 billion in the same period last year.