Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Second Quarter (2Q) Update
Cameron Ups Full-Year Guidance as Revenues Soar
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Cameron reported earnings per share for the second quarter of 2014 of $1.00 excluding unusual items.
This compares to earnings per share for the second quarter of 2013 of $0.77 excluding unusual items. The unusual items for the second quarter of 2014 were after-tax credits of $0.02 per share and a $0.06 per share gain from discontinued operations. The unusual items for the second quarter of 2013 were charges and the tax consequences related to the formation of OneSubsea of $0.22 and a $0.02 per share gain from discontinued operations.
The Company reported GAAP earnings per diluted share of $1.08 for the second quarter of 2014, as compared to $0.57 for the second quarter of 2013.
Year-over-year Revenues IncreaseRevenues were a second quarter record of $2.64 billion, up nearly 20 percent…
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