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UPDATE 1-T-3 Energy Q3 profit falls on charges

Wed Nov 5, 2008 7:33am EST

Stocks

   

* Q3 EPS 37 cents

* Q3 revenue $69.8 mln in-line with estimate

Nov 5 (Reuters) - Oil field products and services company T-3 Energy Services Inc (TTES.O) reported lower third-quarter income, hurt by hurricane charges and strategic alternative costs.

For the quarter ended Sept. 30, the company's net income fell 34 percent to $4.7 million. Excluding items, profit was 79 cents a share.

Hurricanes Gustav and Ike had hurt the company during the quarter by causing delays in the completion of sales transactions and increased costs due to lost absorption, downtime pay and property damage at facilities near the Gulf Coast.

Shares of the company closed at $25.41 Tuesday on Nasdaq.

For the alerts, please double click [ID:nWNAB7977] (Reporting by Arup Roychoudhury in Bangalore; Editing by Anil D'Silva)

(arup.roychoudhury@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: arup.roychoudhury.reuters.com@reuters.net))



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