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Article: Smith International, Inc. Reports Third Quarter Results.(Financial report)
- Article from:
- Energy Weekly News
- Article date:
- November 13, 2009
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Smith International, Inc. (NYSE: SII) announced third quarter income from continuing operations of $14.8 million, or $0.07 per diluted share, excluding $7.8 million of after-tax charges related to employee severance. Reported net income in the third quarter of 2009 totaled $7.0 million, or $0.03 cents per diluted share, on revenue of $1.88 billion. In the comparable prior-year period, earnings from continuing operations, net of charges, were $211.9 million on revenue of $2.85 billion, while second quarter 2009 earnings from continuing operations, net of charges, were $32.1 million on revenue of $1.94 billion.
The Company's third quarter results were primarily ...