UPDATE 1-Tetra Technologies Q3 beats Street view
* Q3 EPS 24 cents beats estimates of 21 cents
* Q3 revenue $249.1 mln vs estimates of $256.3 mln
* Hurricane related charges of $10 mln
Nov 7 (Reuters) - Tetra Technologies Inc (TTI.N), which provides oil and gas services and also has producing properties, reported third-quarter profit that beat market estimates, helped by growth in its fluids and production enhancement divisions.
For the quarter ended Sept. 30, the company's net income almost tripled to $11.6 million or 15 cents a share. Excluding charges related primarily to hurricane damage, income was 24 cents a share.
Revenue from the company's fluids division rose 8 percent for the quarter.
Looking forward, the company said it does not expect to be strongly affected by the commodity markets and slowdown in drilling activity, adding that some of its businesses were not tied to the drilling cycle.
Shares of the company closed at $5.52 Thursday on the New York Stock Exchange. (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))
