Cameron International ( CAM), a manufacturer of oil and gas pressure control equipment, said its second-quarter earnings almost doubled, driven by demand across its markets.

The Houston-based company earned $76 million, or 64 cents a share, in the quarter, compared with $38.6 million, or 35 cents a share, a year ago. Excluding a charge of 5 cents a share related to the integration of the Dresser acquisition and gain of 6 cents a share on foreign currency exposures, the company earned 63 cents a share. Analysts polled by Thomson First Call were expecting earnings of 55 cents a share in the most recent quarter.

Second-quarter revenue rose 44.2% to $857.8 million as against analysts' estimate of $845.9 million.

Including charges of about 6 cents a share related to the integration of the Dresser acquisition, the company expects to earn 64 cents a share to 69 cents a share in the third quarter. Cameron, formerly known as Cooper Cameron, raised its earnings guidance for the full year to $2.46 a share to $2.56 a share, including charges of 20 cents a share related to integration of Dresser acquisition, and a gain of 6 cents a share recognized in the second quarter. Earlier, the company gave an earnings guidance of $2.05 a share to $2.15 a share for the full year, including a charge of 23 cents a share. Analysts are expecting earnings of 63 cents a share in the third quarter and $2.40 a share for the full year.

Total orders received rose 14% to $1.26 billion in the quarter helped by orders for drilling equipment.

Shares rose $1.93 to $49.93.
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