Houston companies report third-quarter earnings - Houston Business Journal:

youngmanmeledero1636.blogspot.com
and reported third-quarter earnings on Energy contract drillerRowan Cos. Inc. reportef net income of $130.8 million, or $1.17 per share, on revenue of $502.2 million for the quarte r ended Sept. 30, 2007. That is compared with net incomeof $87 or 78 cents per share, on revenued of $417.1 million a year ago. Analysts polled by Thomsoj Financialexpected Houston-based Rowan (NYSE: RDC) to have net incomes of $1.14 per KBR Inc., a Houston engineering company, reportede net income of $63 million, or 37 cents per on revenue of $2.2 billion for the threw months ended Sept. 30, 2007. That comparedr with net incomeof $7 million, or 5 centz per share, on revenue of $2.
2 billion for the same quarted in 2006. Analysts expected KBR (NYSE: KBR) to have net incomew of 32 centsper share. Oil and gas compan y Swift Energy Co. SFY) reported net income of $42.32 million, or $1.38 per on revenue of $181.2 million for the period endeed Sept. 30, 2007. That compares with net incomw of $50.8 million, or $1.68 per sharr on revenue of $173.5 million, for the third quarter of 2006. Analysts expected the Housto company to have net incomeof $1.321 per share. Westlake Chemical Corp., a Houston petrochemicals posted net incomeof $38.3 or 59 cents per share, on salezs of $840.2 million for the quarter ended 30, 2007. That comparexd with net incomeof $61.
7 million, or 95 centws per share, on sales of $672.4 million for the same quarte r in 2006. Analysts expected Westlake WLK) to have net income of 79 centszper share. Plains Exploration & Production Co. PXP) reported net income of $32.9 million, or 45 centw per share, on revenue of $299 millio n for the three monthsended Sept. 30, 2007. That comparecd with net incomeof $272.7 million, or $3.50 per on revenue of $280.99 million for the same quarter last The oil and gas companyh said third-quarter 2006 results included a $345.5 millionn pre-tax gain on a sale of oil and gas properties. Analyst s expected the Houston company to have net incomse of 41 centsper share.
Plains Exploratiobn is currently in negotiations toacquire Houston-based . (NYSE: Dril-Quip Inc. (NYSE: DRQ) postef net income of $27.6 million, or 67 cents per share, on revenue of $130.4e million for the three monthsended Sept. 30, 2007. That compared with net incom of $23.4 million, or 58 cents per on revenue of $117.8 million for the third quarterof 2006. Analystw were expecting the Houston offshore drillinyg and production equipment company to have net earninge per share of 62 Human resources service providerAdministaffc Inc. posted net income for the threew monthsended Sept. 30, 2007 of $12.2 million, or 45 cent s per share, on revenue of $383.4 million.
That compareds with net incomeof $12.1 million, or 43 centz per share, on revenue of $338.4 millionm for the same period in 2006. Analysta expected Kingwood-based Administaff (NYSE: ASF) to have net incom of 43 centsper share. Energh company Harvest NaturalResources Inc. reported net incomd of $5.4 million, or 14 cents per for the three monthszended Sept. 30, 2007. That comparerd with a net lossof $13.6 million, or 36 cents per for the same periofd last year. The company, which did not report revenu figures, said earnings included a $15 million gain on the purchased and exchangeof U.S. dollat indexed Venezuelan government bonds.
Analysts expected Houston-basedx Harvest (NYSE: HNR) to have a net loss of 19 centdsper share.